Shrewd Crude,
I refer you to a previous post of mine where I mulled that, at 5 mmboe, the share price, under circumstances outlined, could be worth as much as $4.66 to a trader such as Itochu Corporation who bought BPT's “Proved and Probable” oil reserves at a price of A$31.54/barrel in the Basker and Manta fields in the Gippsland Basin(GMB)being the end value to Itochu with the then current Tapis price of crude being A$135 (currently A$140).
The sp $4.66 was the potential end value of the purchased oil if TDO sold to the likes of Itochu with a share price for TDO at 34% being $1-59.
This is, of course, a totally different approach by the giant, cashed up, trading house Itochu.
Inevitably junior oilers keep drilling for oil/gas with no thought of a dividend to shareholders except through the potential gain in sp.
A trading company approach is buy/sell and give their shareholders a dividend.
So, TDO could sell their 2P reserves in WSH, the Directors and staff could retain their positions and shareholders could gain.
Cheers,
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Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.87M |
Open | High | Low | Value | Volume |
7.0¢ | 7.2¢ | 6.9¢ | $59.76K | 850.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 105784 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 105784 | 0.069 |
2 | 299551 | 0.067 |
2 | 73001 | 0.066 |
1 | 76923 | 0.065 |
1 | 200000 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 100000 | 1 |
0.075 | 100000 | 1 |
0.079 | 97499 | 1 |
0.080 | 13513 | 1 |
0.082 | 53934 | 1 |
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