88E

33.3%

0.2¢ 88 energy limited

Hi momaka, so you see which tendency we have in the market...

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AletLeBains

977 Posts.

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01/04/16

21:02

Post #: 17404958
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Originally posted by momaka ↑

88e IRR Aberdeenman from LSE

Further to my IRR post today thought I would do a little more calculating.

Sorry if anyone tried to reply, been travelling up to Inverlochy Castle to spend the night

Anyway I digress.

I have to say this is rather crude, but sometimes the market can value companies rather crudely anyway.

At present, there is 492 MMBOE, from independent consultants, as per the presentation on the 88e website.

We had a very low share price due to the risks and unknowns, but now that they have reduced we are valued at around 3.8pps or a market cap of £120.65 Million.

Given the 492 MMBOE that gives a current valuation of 24.52p per barrel or 34.78 cents.

Going bak to my earlier valuations and adjusting for this figure we get:

2.5 Billion Barrels = (2.5B*0.2452)/3175B = 19.3 pps

or for 5 Billion Barrels double that to 38.6 pps.

This is not pie in the sky, this is based on current valuation, but of course other factors come into pay as well, risk etc.

But a simple extrapolation of where we are at just now gives a good idea of where we are going.

This is still within the 'worst case scenario' that DW mentioned, as it is only 34.58 cents, per barrel, and I am not plucking figures out of the air re recoverable, he has mentioned billions of barrels himself.

However the consultants may be very conservative, but somewhere between 2.5 and 5 billion recoverable is not out of the question.

This is not a ramp, the market is closed after all!

A significant rerate should be on the cards IMO.

Aberdeenman

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Hi momaka, so you see which tendency we have in the market regarding expectations of the reserves.
So it might be that the upcoming IRR shows 1billion which is still a good number but the market COULD be disappointed on that....

88E Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$6.857K	3.073M

Buyers (Bids)

No.	Vol.	Price($)
289	346631721	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	573714669	217

View Market Depth

No.	Vol.	Price($)
288	336631721	0.002
248	881126186	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	553714669	216
0.004	286826186	117
0.005	81618012	59
0.006	29302656	32
0.007	25722782	21

Last trade - 16.10pm 02/08/2024 (20 minute delay)

88E (ASX) Chart

Hi momaka, so you see which tendency we have in the market...

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Is oil undervalued?

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Hi momaka, so you see which tendency we have in the market...

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News