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4.55% 2.1¢ lion energy limited

Blackoil,The estimates I've seen put Oseil at 60 mmbo...

  1. ian_whitchurch
    2,834 Posts.
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    26/11/04
    10:23
    Post #: 676727
    Blackoil,

    The estimates I've seen put Oseil at 60 mmbo recoverable. Call it worth $600m, so 2.5% of that is worth $15m.

    Thus, depending on your assumptions, Oseil is worth 0.8-1.2 cps, depending on how much you discount it for being in Indonesia etc.

    Ian Whitchurch, who links LIO is about right-valued at the moment
    LIO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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