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0.00% 1.1¢ xcd energy limited

what am i missng

  1. marksman
    1,083 Posts.
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    15/12/10
    11:41
    Post #: 7615108
    Let me get this straight. ETE 287M shares @ 12c is $35M minus $8M cash and no debt leaves $27M.
    187MBO and 191BCF contingent resource and over 12MBO reserves for one well.
    Is this right? If it is then the reserves/resources are overblown or the sp is the bargain of the century! OK its a "tight" play but this appears to be seriously cheap.

    ETE Price at posting: 11.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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