RaaS Advisory - Resource uplift brightens valuation metrics 20%
"EEG has announced a significant independent P50 prospective resource upgrade of its NT McArthur-Beetaloo basin tenement holdings, with a 22% increase in its gas prospective resources from 11.1tcf to 13.5tcf."
"Following EEG’s P50 prospective resource upgrade, we have increased our base case valuation by 20% to $159m or $0.61/share (previously $133m ($0.51/share), using the RaaS 2Q20 commodity price deck and current share count of 263.3m"
"EEG has a number of event drivers over the next 6-12 months which in our view hold potential to confirm and expand this sizeable uplift in NAV."
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RaaS Advisory - Resource uplift brightens valuation metrics...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $228.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 23.5¢ | 18.5¢ | $655.2K | 3.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144796 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 167178 | 1 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| BTL (ASX) Chart |