WBE 0.00% 0.6¢ whitebark energy ltd

Your figures are better. i.e. profit rather than revenue. That's...

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  1. 3,719 Posts.
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    Your figures are better. i.e. profit rather than revenue. That's US$ too, which gives a pretty good net cash flow for a microcap (~$10 million) with significant upside from Xanadu and the gas. Also after the recent capital raising, and the positive returns on the Canadian asset, this also lowers the risk of further near-term dilution, which the market always worries about with companies like WBE.

    I was quoting revenue plugging in the current oil price into the same formula above.

    As for any profits, however large, you'd imagine everything would be pumped back into expanding production... as it should be given they've got low-risk wells nearby to either drill or work-over.
 
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