GKP vs Tullow12 Jul 2018 19:39
For comparison (equivalent values USD into GBP):
Tullow Oil has debt of £2.27bn, free cash of £410m, market cap of 3.2bn with 90,000 boepd. Value = £5.06bn
GKP has debt of £75m, free cash of £170, market cap of £600 with 32,000 boepd. Value = £505m
Very simple comparison, but i would say this has the possibility for the share price to increase by 3x the amount, which is probably why its getting the attention fund managers to have in their portfolios. If we can get to 50-60,000 boepd then i see no reason why we couldn't hit a valuation of 3bn plus.
Regards - Patters