BAS ITR

Ann: Windermere-3 Spuds , page-5

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  1. Roger1
    573 Posts.
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    09/12/11
    16:07
    Post #: 9418188
    Hi tui

    I am not sure as to how you calculated the 10c estimate but please try the following for a ROM (Rough Order of Magnitude) SP determination:

    The expected oil recoverable is <1mmbo/2 = 500K x $50 (profit per barrel) = $25m/400 (no of shares) = circa 6.35c/share.

    I would be very happy to see calculations that show a much higher value.

    Cheers

    R1
    BAS Price at posting: 3.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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