OBL Conservative Valuation 6c and 12c

This post by Kordon deserves it's own heading!!! and a bit of tidying up

OBL look like moving to 75% Derby Block - Comparison with BRU's trading multiples are attached for your review

BRU share price $0.88
Mar Cap   $262.7M
Net cash   $40.0M
EV    $222.7M
BRU Net Resources
Reported P50 47   Tcf
Reported Mean    43   Tcf
Comco Multiples
EV / P50 $4.74  $M per Tcf
EV / Mean $5.18  $M per Tcf
OBL re-rating metrics
Upside Interest in Derby 75%
Net P50 14.0 Tcf
Net Mean   23.4 Tcf
EV -  P50 Comco $66.4
EV - Mean Comco    $121.2
Average    $93.8   M
OBL TSO 763.768 ordinaries
Indicative OBL valuations $0.12  net 75%
$0.06  net 37.5%
PLUS Cyrano, Backreef and Gippsland and conservative.