What an absolute crock...
"Multiples of book value"
Yeah...x2...big deal!
All up they paid about $2.4m for Bula and the rig...at a time when oil was about $11 a barrel.
Since then, oil has quadrupled, the rig has been upgraded appoximately doubling it's value, field decline has all but ceased and additianal wells have been drilled on the permit.
Deal of the century...for the buyers!
Someone needs their head read!
Cheers!
well that worked out well then, page-6
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.48M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1485 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 64712 | 1 |
View Market Depth
| Last trade - 16.12pm 22/11/2024 (20 minute delay) ? |
| LIO (ASX) Chart |
Day chart unavailable
