"The BOD secured the deal on 1Oct23, at the top of the market"
On face value, the GOM asset acquisition looks overpriced, bought at the top of the market.
The acquisition only added 39MMboe of 2P reserves to our producing asset profile.
A lot of the GOM asset value is in its development potential.
Nice numbers of which our share is 30% for WD South, 35% for WD West and 40% for WD East.
Neon has a lot of development potential but how much does that add to our MC?
The market apparently doesn't price in contingent resources.
Who Dat has potential? Who Say? It looks good. It sounds good. Or have we been sold a pig in a poke? Only time will tell. A lot of these answers will emerge in CY24.
It feels like the SP has been reset accordingly ... for re-rating when these contingencies are confirmed.
"The BOD secured the deal on 1Oct23, at the top of the market"On...
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Last
$1.92 |
Change
-0.055(2.79%) |
Mkt cap ! $1.534B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.97 | $1.90 | $9.373M | 4.876M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 103509 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 5215 | 1 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$1.92 |
Change
-0.055 ( 2.89 %) |
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| Open | High | Low | Volume | ||
| $1.96 | $1.96 | $1.90 | 1210567 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| KAR (ASX) Chart |