Australia's largest stock trading and investment forum Australia's #1 stock forum

OEX

Click for more information

20.0%

0.6¢ oilex ltd

Sorry all, typo on my part should read OEX 45% NOT 30%

First 34 Last

Share
Profile

Follow
bobla

360 Posts.

17

23/07/14

13:28

Post #: 13702288
Share

Originally posted by Optionsman ↑

Mandurah,

your numbers are incorrect. It's not 444 mill in revenue. It is around 3.7 BILLION in revenue.

Here is how:

Reserves figures (2C) is 495 BCF and 83 MMBO gross, OEX interest is now 30% not 45% = 149 BCF and 25 MMBO.

Gas is being sold at 8 $/mcf which is the same as $8MM / BCF. This equals 1.2 BILLION $.

Oil is sold at $100/bbl, so 25 MMBO is worth 2.5 BILLION $

this of course is in ground value. If you use 10-20% of that As the NPV which I think is conservative for onshore operations then you get a NPV of $370-740 MM, or a share price of 60c - $1.20.

Expand

Sorry all, typo on my part should read OEX 45% NOT 30%

OEX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 27 more messages in this thread...

First 34 Last

Add OEX (ASX) to my watchlist

SPONSORED BY