Hi SR,
Like you I love this stocks potential and Oil production will cover a lot of gas appraisal/testing/development going forward.The decision to focus on conventional oil is gratifying and sensible given the high rates of return and low outlays compared to a major gas development.
With gas resource conversion to 2p/3p reserves over next year valuation will grow as will interest from majors. Potential for takeover now is low as we are still 6-12 months away from having certified gas, associated liquid reserves.
Is the planned initial total Ugani field production 10,000 or 5000 bod ? Needs checking with past announcements or by calling BRU. I think it is probably 5000 bod total giving total oil revenue of approx US$200 mill per year ($100 mil for BRU less production/transport costs of $40 gives $60 mil net before tax that Eric quoted ). The $60 mil net seems very high and maybe explained by low forecast capex and opex for this field and short transport distance to Broome ? Oil Export Terminal.
I will call BRU mid week to clarify production and expected net return figure and post any news on HC.
Cheers
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7.8¢ |
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Mkt cap ! $52.36M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.8¢ | $1.992K | 25.29K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | 7.7¢ |
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Price($) | Vol. | No. |
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8.0¢ | 42995 | 2 |
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No. | Vol. | Price($) |
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1 | 100000 | 0.077 |
2 | 11000 | 0.076 |
4 | 165816 | 0.075 |
1 | 10000 | 0.074 |
1 | 10000 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 42995 | 2 |
0.084 | 73555 | 1 |
0.085 | 7999 | 3 |
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0.087 | 163369 | 3 |
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