With circa now..around $23m �17m cash and looking at min 3000 bopd $25 after costs that's $27m a year...depends on shut downs tho...but even with 45 days lost that's $24m or �18m as the $ is working for us...at an ev of just 2.5 times that's �36m plus �17m ...�53m.... around 20p per share...!
Codders - or anyone else for that matter - what would you say is an accurate estimate for the market cap? It is sitting at £36million at the moment. A justification for your figure would be most welcome too.
There doesn't seem to be much downside here other than the downward pressure on the price of oil at the moment. As we are looking to go into production again fairly soon I would imagine the oil price will play a significant role with regards to valuation.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.