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1.7¢ red emperor resources nl

Ann: OEL: Alaska Operations Update - Winx-1, page-45

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Zala

12 Posts.

11/02/19

20:43

Post #: 37403419
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Originally posted by kevin103: ↑

Speaking of risk vs rewards I thought I might re-post the below here since RMP is what I am holding!

Target prospects of 400 mboe for Winx if we say drill hit is successful and take recoverable oil to be 30% of target that is equates to 120mil barrels and RMPs share of circa 30% is 35mil barrels.

Believe a conservative range to value in ground hydrocarbon is around USD$2 to 5 per barrel , so say we take the middle of that is USD$3.5 per barrel @ 35mil barrels gives us a value of around USD$123mil or roughly AUD$170mil valuation off a successful Winx play.

If we look at RMP with market cap of $40mil , our sp could potentially re-rate to circa 30c , but i am happy with anything over 20c!

Exciting times ahead!

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Pantheon Resources presentation suggests that Recoverable is 400m bbl, from OIP of 1.4bn bbls, page 14: http://www.pantheonresources.com/investors/presentations/597-agm-presentation-2019/file

RMP Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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