Longreach Oil & Gas One2One Investor Presentation - Proactive ...
Longreach Oil & Gas One2One Investor Presentation - Proactive ...
Longreach Oil & Gas One2One Investor Presentation - Proactive ...
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Enterprise<br />
Unrisked Net<br />
EV/Unrisked<br />
Company a<br />
Value<br />
Comparable Company Analysis<br />
26<br />
Prospective<br />
Resources<br />
Resources b<br />
(US$m)<br />
(MMboe)<br />
(US$/boe)<br />
Africa <strong>Oil</strong> 313 5,326 $ 0.06<br />
Chariot <strong>Oil</strong> & <strong>Gas</strong> 373 12,471 $ 0.03<br />
Circle <strong>Oil</strong> 214 2,352 $ 0.09<br />
Energulf Resources 41 756 $ 0.05<br />
Rialto Energy 139 829 $ 0.17<br />
Tangiers Petroleum 51 651 $ 0.08<br />
AVERAGE $ 0.08<br />
<strong>Longreach</strong> (Current $0.80/share) c 9 360 c $ 0.02<br />
<strong>Longreach</strong> is significantly undervalued versus comparables<br />
a<br />
Source: Company Disclosure & VSA Capital Research. All market statistics as of 28 February 2012 as listed on Bloomberg<br />
b<br />
Net Prospective Resources are stated herein in terms of the companies’ Working Interest in the properties assuming ONHYM participation of 25% under the<br />
PSA.<br />
c<br />
No resources attributed to Zag licence. See Resource Evaluation on page 25.
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