What 2P reserves are you guys expecting for SM71 in the Sept Qtr Collarini reserves update ?
The latest estimate I've seen is from the K1 broker report commissioned by OEL. I assume he based his estimated reserves on info from OEL.
In his valuation summary he's estimating 4.4mmbls 2P reserves net to OEL on a Net Revenue Interest Basis.
That of course is the same for BYE's equal share in SM71
With BYE closing at 45cps today, equal to $308m market cap, it's trading at around A$70/brl for forecast post update 2P reserves.
OEL closed at 6cps, equal to $92m market cap and trades at A$21/brl of forecast 2P reserves.
OEL has an equal share of VR232 (or SM74) and a larger share of Biv Peak which seem the most likely drilling targets in the next 12-18 months, along with any stepouts in SM71
We're scratching our heads on the OEL thread as to why BYE has a market cap 3X OEL, or $200 million more ?
I can see a case for BYE to trade at a modest premium to OEL, due to in-house expertise and tighter register, but $200 million higher ??
- Forums
- ASX - By Stock
- SM71 expected 2P reserves ?
What 2P reserves are you guys expecting for SM71 in the Sept Qtr...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BYE (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.1¢ |
Change
-0.001(1.92%) |
Mkt cap ! $56.09M |
Open | High | Low | Value | Volume |
5.0¢ | 5.2¢ | 5.0¢ | $9.365K | 184.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20599 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 589256 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20719 | 0.051 |
3 | 232211 | 0.050 |
1 | 64037 | 0.049 |
3 | 108730 | 0.048 |
4 | 1004326 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 569368 | 4 |
0.053 | 105366 | 2 |
0.054 | 258 | 1 |
0.055 | 4999 | 1 |
0.056 | 144488 | 1 |
Last trade - 11.46am 25/06/2024 (20 minute delay) ? |
Featured News
BYE (ASX) Chart |