Kosy,
In a success case I think that it would be fair to start with the recoverable oil in the ground and value it at say $15 per bbl.
It would then be fair enough to apply a 1.2 multiple to that value based on - de-risking the surrounding area and the increased funding options that sitting on a major discovery would bring when considering the remaining blocks.
That is my opinion but what the market values it at...???
Roughing it out and staying conservative - 500mm bbl x $15/bbl x 0.5(RF) x 33%(equity) = $1.24 billion
Shares on issue ~1.34 billion(?) so ~90c/share
Apply the 1.2 uplift and get $1.10 per share...
Would make 13.5c look cheap wouldn't it...
p1000
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Last
68.5¢ |
Change
-0.005(0.72%) |
Mkt cap ! $156.0M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 72.5¢ | 68.5¢ | $159.7K | 231.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18300 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 12541 | 1 |
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| Last trade - 15.52pm 01/07/2025 (20 minute delay) ? |
| NDO (ASX) Chart |