KLSE (MYR): SAPNRG (5218)
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Last Price
0.035
Today's Change
+0.005 (16.67%)
Day's Change
0.03 - 0.035
Trading Volume
6,580,600
2024-11-19
2024-11-19
2024-11-13
2024-11-13
2024-11-13
Mabel
24,158 posts
Posted by Mabel > 2023-04-29 15:21 | Report Abuse
Haha how about this as a new carrots?
https://www.freemalaysiatoday.com/category/business/2023/04/27/sapuraomv-partners-announce-oil-discovery-in-mexico/
Potential Upside from this discovery..
200m barrel x USD65 per barrel: USD13bn gross value
Assuming drilling margin of 20%: USD2.6bn
Assuming for 10 years: USD260m per year profit or RM1.2bn per year
Sapura holds 30%: RM360m per year
Bagi 4x ebitda, this project alone should carry value around RM1.5bn in market cap
Triple current market value
Around 11sen
Carrot Meow