STU 0.00% 94.0¢ stuart petroleum limited

npv?

  1. 6,352 Posts.
    lightbulb Created with Sketch. 62
    Debt at 31-12-04 10mil Cash 2mil Net debt 8mil
    STU had 2.93mmbls reserves at 31-03-05 so lets say around 2.8mmbls now at npv 20/brl = $56mil
    Less 8mil net debt =$48mil divided by 62mil shares =78cps
    Another 7cps for management expertise and exploration acerage = 85cps??
    Price range around 78 to 85 looks fair to me at US50/per brl
    I dont currently hold STU
 
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Currently unlisted public company.

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