GGE 0.00% 0.3¢ grand gulf energy limited

I know its ends up being irrelevant as the market values...

  1. 147 Posts.
    I know its ends up being irrelevant as the market values companies as it sees fit but just to get some indication of where we are and what are the possibles with the new prospects?

    - Cash : $2mil (post below buy ins)
    - Production Revenue : $USD100K per month, NPV?
    - Pleasant Home : 50% of 100K barrels / 100BOPD (first well only), NPV?
    - Boleslaw : NPVs (@10%) between $US 14m - $US 200mil / 20.4% OR LONXOG Market Cap at £GBP6.5mil, sole prospect it owns 49% therefore 20.4% is worth £GBP2.70mil or $AUD 4.93mil.

    Current Market Cap $AUD4.49 mil.

    Would be interested to hear your thoughts on where you think we are now assuming none of the prospects come in, or if one comes in or both. I think it could be an exciting month ahead either way!
 
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