RE: Verge of Bullish Drive Upwards & Buying Frenzy on RNS18 Oct 2023 09:52
Mr ShortShrift Q is for mr Thornagassaon but will put reply also if okay thank you
Summary - x 8 Bagger WITHOUT New Blocks / Renewables and only $70bbl oil price
From Progressive Report Valuation section - 28th Sep 2023
"For valuing E&P companies, we take the traditional approach to asset valuation that is used by the Industry. The valuation is derived through using a DCF methodology to the KNOWN fields and discoveries. The field production profiles, capital expenditure and operating costs are modelled under the appropriate fiscal regime to give a cash flow profile, which is discounted to provide a net present value for each asset"
For Heron base, Heron Target development upside & risked exploration in Block XX RENAV - 23.6p
This is why just to look at this give ROI MULTIPLE of current share price around 3p
Now you factor RISING OIL PRICE & NEW BLOCKS & RENEWABLES
* New Block development some bigger than Quatar next to or sharing existing oil asset & development thru Heron revenue / JV partnerships
* Renewables in GLOBAL BIGGEST potential region for this, capex opportunity from China & China export opportunity with high level contact base in JV company
Maybe begin to understand why I build holding & massive opportunity for multiple ROI
Happy & wise investment I think 🦉