so here is a roughie 400 mboe target x .315 rmp stake =126 mboe rmp share 126m x $4/barrel usd ($3.10 at $40/,boe sale price for 88e when oil $40/boe in ground price now circa $60 so major write down calling it $4/boe)let's round down big and say we got $us 4/boe in ground= $504 m mcap Times 1.45 usd/aud exchange= $504m x 1.45(usd to aud) = $730m mcap for in ground at major discount to current prices 730/35 ( overstated current mc of $35m) = 21x current mc current sp x21 = over 2 bucks per share, fully rounded down to rat bag oil in ground give away price if we collectively touch a 400 mboe reserve. we know top is >230 feet Nanshuk before testing Torok with 26/26 regional hits. view Bandy presentation and highlight is rolling structure- not tight formation pockets. I like this minnow is cheap at clean air massive re-rate. fingers crossed for even 50% of potential
RMP Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held