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15 out of the ground - 6 in the ground. Then applied 30% reduction because this is AIM and nothing ever makes what it’s actually worth. Would love some feedback if that’s in the right ball park or way out. That’s why I’m posting.
Now there’s a leading question that should lead to interesting discussion. 8.5% of 500BCF with much more to prove up plus $4million profit per annum. That assumes a sale price of 15 dollars… let’s see what “favourable conditions” can produce.
As a long term investment this is a great opportunity. Traders probably don’t like the fact that next guaranteed news is Q2. Hopefully we’ll get some expansion news soon but I’m sure that will take time to contract out and establish costs etc. I’m hoping for a significant contract win
So Ukraine has triggered a macro event that caused the re rate earlier and heightened it. If you take Ukraine away the fundamentals haven’t changed. I wouldn’t expect a huge re trace from here… mostly consolidation
Perhaps more than 30p
https://www.iea.org/data-and-statistics/charts/natural-gas-prices-in-europe-asia-and-the-united-states-jan-2020-february-2022