Last October they issued a reserves estimate V share price, and back then with a US$/AUD$ rate of .80 and P3 estimates of 249,500 bbloil, prediction of SP value was 43c.
Now, with proved reserves of 31.5% of 1.1 MMbbl = 346,500 bbl (US$27.7 million @ $80 bbl) and even though the exchange reate is .92, and with other proved gas reserves a conservative SP valuation looks to be 60c as soon as the deal is done. I'm sure a proper evaluation by the company including Appalachians and NW Alice will show a value in excess of $1, and would be be welcomed.
They have 2 weeks to come up with the US$250,000 shares. After which I assume the brakes will be off the SP.
As in the Appalachians, I expect the needed remedial work will be self funding.
will she crack 0.045 today, page-14
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Last
$3.77 |
Change
-0.030(0.79%) |
Mkt cap ! $2.476B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.80 | $3.72 | $9.684M | 2.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17013 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 266 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |