It must be remembered amongst all the fear and panic that Pryderi, whilst important, wasn't all or nothing for IPB. They safely own a proven resource in Gwydion. In 1995 BHP found 6mmbbls when they owned it, it simply wasn't large enough for such a big fish when oil was only $17 a barrel. For IPB however, this represents, even at today's low oil price, $450mil. Now Cal Energy own 60% rights, so 40% of recoverable oil waiting to be sucked out for IPB is $180 mil. For a company with only 120 mil shares on issue, that's big money. My advice to the nervous nellies, take a deep breath and relax.
Gwydion
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0.7¢ |
Change
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Mkt cap ! $3.532M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.697K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5282121 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 457536 | 1 |
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