RMP 0.00% 1.7¢ red emperor resources nl

so here is a roughie400 mboe target x .315 rmp stake =126 mboe...

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    so here is a roughie
    400 mboe target x .315 rmp stake =126 mboe rmp share
    126m x $4/barrel usd ($3.10 at $40/,boe sale price for 88e when oil $40/boe in ground price now circa $60 so major write down calling it $4/boe)let's round down big and say we got $us 4/boe in ground= $504 m mcap
    Times 1.45 usd/aud exchange= $504m x 1.45(usd to aud) = $730m mcap for in ground at major discount to current prices
    730/35 ( overstated current mc of $35m) = 21x current mc
    current sp x21 = over 2 bucks per share, fully rounded down to rat bag oil in ground give away price if we collectively touch a 400 mboe reserve. we know top is >230 feet Nanshuk before testing Torok with 26/26 regional hits. view Bandy presentation and highlight is rolling structure- not tight formation pockets.
    I like this minnow is cheap at clean air massive re-rate. fingers crossed for even 50% of potential
 
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