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20.0% 0.6¢ oilex ltd

From Interactive investor post ; " TwoHearts Posts: 286 Off...

  1. mandurah
    893 Posts.
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    21/07/14
    23:57
    Post #: 13693186
    From Interactive investor post ;

    " TwoHearts
    Posts: 286
    Off Topic
    Opinion: No Opinion
    Price: 7.23
    View Thread (2)RE: Material UpsideToday 10:46OEX kept 45% share of Cambay, therefore giving NET to OEX

    37.5 MMSTB Oil C2 + 63 MMSTB Oil P(50) = 100MMSTB OIL
    223.5 Bcf gas C2 + 421.5 Bcf Gas P(50) = 645 BCF GAS

    Going of a 5% value with using an oil value of $100/bbl and Gas valued at $8/Mcf

    Values OEX at £450M or 75p per share

    Mmmmmm, I would be happy with half that.
    OEX Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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