When Black Marlin was acquired by Afren in 2010 in a scrip deal...

  1. 267 Posts.
    When Black Marlin was acquired by Afren in 2010 in a scrip deal worth 110 million it's Seychelles acreage ( now WHL Energys) was valued at 33 to 44 million dollars.

    Since then we have spent 7 million on seismic to prove up the leads into prospects totaling 5.8 billion barrels + potential ???tcf of gas?

    Given the additional focus on East Africa, the price of oil, (2012 compared to 2010)and more importantly, find another acreage like ours ! A current sale price/ mkt cap of 100 million is entirely within the realms of possibility.

    Values are liquid - look at cove, 1.6 billion became 2.1 billion before the dust settled. Were shell light a lazy half a billion? If someone wants something enough , well, pay pay pay!

    My 2 cents Worth anyway Sandy, good thread.

    Cheers
 
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Mkt cap ! $4.900M
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1.0¢ 1.0¢ 1.0¢ $3.198K 320K

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No. Vol. Price($)
2 358597 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 560679 1
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