No worries. I'd be very, very disappointed if there weren't 'multiple' trillions of cubic gas feet contained in PEL 315 and 398! I think 4tcf is a baseline to fast track development and >7tcf is where the real gravy lies. Lets get drilling!
With their government making a renewed push for ownership of commodities, a left field development could be a Chinese take away - either for KAR or SA assets. If BH is open to a complete sale at $15 (based on highest priced family oppies), I could see CNOOC being able to justify $15 even before a reserve is proven up - its an EV of $3b or about $3 per risked bbloe. However in 18 months with both browse and santos having reserves (plus Peru?), then a (say) 7tcf browse plus 500m bbloe santos would probably require in excess of $30. I'd give it a 15% chance that this stock could be a ten bagger from here w/in two years.
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$1.76 |
Change
0.025(1.44%) |
Mkt cap ! $1.412B |
Open | High | Low | Value | Volume |
$1.77 | $1.79 | $1.75 | $6.040M | 3.416M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 20933 | $1.76 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.77 | 350 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 11218 | 1.760 |
2 | 44782 | 1.755 |
7 | 62109 | 1.750 |
1 | 3000 | 1.745 |
4 | 13051 | 1.740 |
Price($) | Vol. | No. |
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1.770 | 5782 | 1 |
1.775 | 5782 | 1 |
1.780 | 11214 | 2 |
1.785 | 7827 | 2 |
1.790 | 17294 | 2 |
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