Guys ,seriously ,if the wells were producing these sort of numbers speculated in profit why shut them in as the BOD has done.I think its is fair to say they cant recover enough to wash their face here and unless someone tosses some serious money and effort at it will face the same issue. Drilling the Tikorangi or Shannon easily is not a given there should be doubt the recent seismic can it be relied upon (that would need to be revisited) if it is like everything else they have done it wont be up to scratch, then there is the dry hole risk/failure for the actual well if it is ever drilled for the 10 million dollars being bounded about here...take it off the life support machine Kea still looks like the dead parrot to me.
RE: No worries
Seriously though snapper, even on the low ball side of 1.5m p50 every $1 rise in oil is $1.5m added to the NAV of the oil! if it has as quoted a 10m upside, highball price of 10m per $1 rise in NAV! the company is only valued at $1.5m! The key though is understanding the cost of production, fixed and variable costs along side COP, NOT the company overheads. Ie director salary etc. This will give you the marginal cost and as oil is a generally inelastic commodity, you can work out the true valuation. I have my figures for this, thing is, I want someone to confirm them rather than just go with what I am saying... I know I keep banging this drum but.. work out the figures and you will see how much this company is going to sell for.
RE: Interesting holdings.. EGM ahea..
Updated holdings RBC = 1,800,000 (1.92) Nigel Wray=2,980,357 (3.17) ANTHONY MICHAEL BOUSFIELD 2,460,000 (2.61) Matthew Zielonka Ltd = 991549 (1.06) Brenda Ocana 6,070,000 (6.46) Ocarina Investments Limited, David J Lees 6,744,400 (6.34) David Lees 50,769 *(included in above %) Ian Gowrie-Smith 7,516,514 (7.06) 22.28% accounted for in Form 8.3's really not many shares in free float!
lol yeah! Step away from the computers at your own peril :D
So many......cant keep up with this
I have asked you many times to provide your breakdown.. I don't see it... 2M is the quoted revenue for the company, this is basic research.. not a breakdown which I asked of you. :(
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