Ian,
I would think the deal must have been done after 16 May (because they had not purchased the second 50% from Matris until then). The announcement for the sale was made 6 June.
The Forbes portion of the activity update dated 29 April talked about Larner 1-12 remaining in production and Wallace1-13 testing programs being evaluated. OPL are preparing an "aggressive drilling program" around Larner for July.
If OPL are so confident about the likely reserves as to estimate the value at $600-700 million, why sell half a month earlier than the testing for $1.2 million?
I can think of two possible explanations.
1. It places a big cloud over the valuations of all the projects in the presentation
2. The deal with Livingstone is not at arms length.
In the absence of evidence to the contrary, I will pick "1" as the most likely and wait for more test results to prove the valuations.
- Forums
- ASX - By Stock
- OPL
- valuation vs sell price
valuation vs sell price, page-3
-
- There are more pages in this discussion • 7 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 OPL (ASX) to my watchlist
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.609M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 577791 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 379629 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 577791 | 0.025 |
1 | 45891 | 0.024 |
2 | 125888 | 0.022 |
4 | 157162 | 0.021 |
2 | 320000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 379629 | 2 |
0.028 | 10000 | 1 |
0.030 | 304937 | 2 |
0.031 | 350000 | 1 |
0.032 | 171881 | 1 |
Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
Featured News
OPL (ASX) Chart |
Day chart unavailable