A good and timely announcement.
1) Reserves report is likely the prelude to the RBL. SEA's RBL is 70% of the NPV of their PDP Reserves. So expecting approx $29 Million for AOK
2) Excellent increase in NPV10 over a 6 month period given the cash expended
- $120+ Million rise for 1P reserves in snake river on the back of only 13 wells ($8.5Million spend on 13 wells)
- 1P NPV10 for snake river ($338 Million) is now significantly more than RFE's Big River Project ($248 Million)
- with a big war chest, share holders should be rewarded with even more value creation
3) Attractive to partners.
- I would imagine leaseholders would be keen to team up with a profitable company after so many failures in the ML. Should make leasing much easier. They are clearly pitching to holders with that video presentation at the AGM
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0.3¢ |
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Mkt cap ! $2.833M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $21.46K | 7.155M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 20533665 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 10674288 | 5 |
Last trade - 13.35pm 15/11/2024 (20 minute delay) ? |
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