Basker and Manta Oil fields has been maintained at rates between 12,000 and 14,000 barrels oil per day (bopd)...
Tui Area Oil Fields 44,000 barrels of oil per day....
8,000 barrels a day base case, at $25 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 26 cents EPS or $2.00 target on PE ratio of 8..equals 20 bagger
8,000 barrels a day base case, at $50 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 52 cents EPS or $4.00 target on PE ratio of 8..,equals 40 bagger
12,000 barrels a day base case, at $25 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 38 cents EPS or $3.00 target on PE ratio of 8..equals 30 bagger
12,000 barrels a day base case, at $50 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 76 cents EPS or $6.00 target on PE ratio of 8..equals 60 bagger
16,000 barrels a day base case, at $25 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 51 cents EPS or $4.00 target on PE ratio of 8..equals 40 bagger
16,000 barrels a day base case, at $50 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 102 cents EPS or $8.00 target on PE ratio of 8..equals 80 bagger....
20,000 barrels a day base case, at $25 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 64 cents EPS or $5.00 target on PE ratio of 8..equals 50 bagger
20,000 barrels a day base case, at $50 a barrel NPAT, x 350 production days a year, divided by 150M shares on issue x 55% share = 128 cents EPS or $10.00 target on PE ratio of 8..equals 100 bagger....
GGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held