The company has a market cap of about 26 million. There is apparently over 2.4 million barrels of oil Acrasia drilling zone
2 400 000 x $20 per Barrels USD = 48 000 000 USD or Roughly 90 000 000 AUD.
Flow is about 500 barrels a day with the hope to increase to over 1000 barrels a day
Company gets 50% of revenue until a couple of bills are paid then 75%. 250 barrels a day by say $ 40 AUD is 10 g a day or $ 3.6 million, which is increasing.
So I can’t see what the problem is but maybe I got the math’s wrong?
Gyro
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
