what is it worth?

I just looked back to the June Old Park Lane Valuation.

"VALUATION
Using best case resource estimates and heavily discounted risk parameters; we value Range?s interests in
Puntland at 9.5p per share (fully diluted). In addition, we have factored in a value of 3.3p for the company?s
share of recoverable reserves in Texas. Until drilling plans are firmed up in Georgia, we have not attributed
any value to Range?s Georgian assets at this stage."

"Net asset valuation $276m 12.8p"

At a Market Cap of $276m they gave it a share price of 12.8p

Lets say out of the 768m bbls Ranges Net return would be 50mbbls after 30% risk government taxes and costs.

50m x $80USD $4bUSD/$276m = 14.5 multiplier

14.5 x 12.8p = 185p = AUD $3

So even 25mbbl would be AUD $1.50

etc etc

DYOR