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1.7¢ red emperor resources nl

Our CEO Gracjan Lambert quoted a possible $5 per barrel in a...

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819 Posts.

106

08/03/19

11:58

Post #: 37697874
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Originally posted by msyoga: ↑

Most oil references are in USD - Oil Search's 2017 $3.1 per barrel at least was quoted in USD - so definitely provides an attractive AUD figure.

I'd have to challenge anyone who says that they're applying a conservative $5 barrel valuation for a deal like this. Simply in my research (although hardly comprehensive), I can't find anyone who's paid more than what Oil Search has for our potential grade of oil. Therefore I reckon it'd be an absolute blessing to get a price of $3.1, or after potential resource upside that reduced the cost to $1.3 per barrel for Oil Search. Even though the price of Brent Crude looks to be on a uptrend, its still very comparable to prices back in Nov 2017.

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Our CEO Gracjan Lambert quoted a possible $5 per barrel in a recent interview.....don't have time to find the link now.

RMP Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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