Spinnz
I am assuming that BE for conventional is 35$pb as opposed to shale at P50 =$39pb assume ANS POO at 65$ =30PB profit - 5$pb to 88e
=25$ to the buyer
$25 X 1.4bb = very happy returns for the Buyer and $ 7b for us I am sure there is plenty wrong with some of the base figures. I think the 35$ cost is too high, so more $$ for the new buyer.
Will the price of POO be struck at $65? higher or lower? take your pick.
Oilsearch got a steal at 3$ pb and they know it because they said so. Just have to prove that the leads are filled to spill as PB predicted, That there will be a buyer and that POO average does not fall.
There can be more than one buyer, yet when you see how much they have paid for Conventional in other places, why not.
Also it is believed that the oil is best quality grade API and will attract a premium.
what is not to like?
be happy if someone can jump in and bash these figures up
Spinnz I am assuming that BE for conventional is 35$pb as...
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $101.9K | 51.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 514 | 1361282451 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 62464179 | 20 |
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