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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO)SENEX ENERGY LIMITED (ASX:SXY) - Ann: Shocking 1 Drill Test Update , 10392181, page-8 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

The reason why I have bought some more this morning:Quoted...

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  1. 617 Posts.
    lightbulb Created with Sketch. 7
    The reason why I have bought some more this morning:

    Quoted Securities Shares on issue = 82,750,000 ordinary shares fully paid at $0.20 each

    312 barrels of oil per day at shocking-1 with 60% to AQO = 187

    187 x $100 a barrel x 1 year = $6.8 m a year.
    Current share price = $0.185 = $15,308,750
    $6.8 / 82,750,000 = 0.08 c per share.

    So with a moderate success of 312 barrels of oil per day = a share price in the region of $0.265

    Thoughts on my rough calculations?
 
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Currently unlisted public company.

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