Hi Whisky
Thank you for your response mate I really appreciate it.
I guess the number one thing that is really bugging me is that we only have approximately 100mmbls of oil to our name. I am using a $4.50 profit figure at the moment, so after capital and operational expenses we might make $4.50 per barrel (once again - please correct me if this figure is complete rubbish - I am just going on previous posts).
We have 100mmbls x $4.50 = $450 million. We have 5500 million shares.
5500 (shares) divided by 450 (dollars) equals 12.2 (round down to 12). That means we would need 12 SNE fields to reach $1 per share or in other words we would need 1.2bbls of oil to reach $1 per share.
What are your thoughts on this? are my maths even close? - a previous poster mentioned an NVP of approximately $8.50 AUD. If that is accurate then:
$8.50 x 100mmbls = $850 million dollars. divide that by 5500 million shares = 6.5 - so we would need 6.5x times the current oil in SNE to hit $1 per share. Or alternatively 650 mmbls
Does that sound right to you ?
ele.
- Forums
- ASX - By Stock
- FAR
- The true value of FAR
The true value of FAR, page-34
-
-
- There are more pages in this discussion • 31 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 FAR (ASX) to my watchlist
|
|||||
Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 39845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 39845 | 1 |
0.500 | 16960 | 1 |
0.510 | 102895 | 3 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |