RE: Future SP29 Apr 2022 09:28
In the absolute worst case scenario ($60 oil, no OM award, 30k production)
RKH would have a profit of $73 million per year, 500 million shares and a loan of $378 million. Assuming a profit to company ratio of 1:10, it would be worth 730-390=340/500=$0.68 per share or £0.54 per share
In the absolute worst case scenario???
Seriously
-The worst case scenario would be FIG don't award the permit for producing oil/massive protests/ UK Government bans Navitas and RKH from drilling...........RKH gets wiped out along with all its shareholders.
-The second worst case would be drilling goes ahead but its delayed again and again by argentina and logitical problems etc