back of a *** packet8 Jul 2024 21:39
just found an old *** packet and did some very quick rough calculations on sea lion. 55,000 barrels a day (but could rise to 85,000) x 18 dollars profit per barrel call it £14 so £770,000 profit per day x 365 days comes to £281,000,000 profit per annum x 35% share to rkh comes to 98 million profit per annum x average pe ration of 10 gives a potential value of approx 1 billion. a 10 fold increase on current market cap! looks like happy days if it gets the go ahead! plus other oil fields in the area .. wow!