WGO 0.00% 35.5¢ warrego energy limited

We Have Reached the Promised Land, page-329

  1. 2,826 Posts.
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    Was wondering if anyone had some feedback on the following research/numbers, I presume this will be full of inaccuracies.

    As per report release on 24th and my research, 206 MMBL of oil is worth 22.3 billion and 751 BCF of gas is worth 2.2 billion, so roughly 25bil. This was taking their median assumptions.

    So with a market cap of 28.6mil as of today, and I have no idea what extraction shipping costs will be at all, so im going to take an absolute ball park figure shot at 10bil, so profit is 15bil.

    Is it as simplistic to say 15bil divided by 28.6mil equals to approx 525x increase, and thus have a similar increase in share price. I feel like it would need to be as this gives me a ludicrously high share price that I don't wan't to even post on here as it might sway skim readers.

    After reading all 60ish pages of the report, still very much in learning phase. This is my attempt and doing my own research as they say and would love some feedback. Will be my second purchase and really trying to explore this one as much as humanly possible.
 
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