Spitfire Oil Share Price (SRO)

0.00 0.00 (0.00%) delayed: 2:13AM BST
Bid price 5.50 Open price 0.00
Ask price 6.00 Prev close 5.75
High price 0.00 Spread 0.00%
Low price 0.00 Volume 0

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Spitfire Oil Share Price Information

Name Spitfire Oil Epic SRO
Sector Oil & Gas Producers ISIN BMG836741048
Activites Spitfire Oil Limited, through its wholly owned subsidiary Spitfire Oil Pty Ltd, was formed to pursue the production of liquid hydrocarbons, including fuels and distillates, from the Salmon Gums Lignite Deposit in Western Australia. Lignite is a low-rank form of brown coal which has properties that allow it to be converted into oil. Spitfire Oil Pty Ltd intially secured exploration licences and in September 2012 a retention licence over both the Deposit and adjacent ground prospective for extensions of the Deposit. Funds raised to date have been primarily used to establish the technical and economic potential of the Deposit and define the potential resource. Additional funding will be required to establish commercial scale mining and processing. The Deposit is characterised by its relatively high kerogen content. Kerogen is a hydrocarbon compound which converts into oil. Original test work prior to Admission to AIM in July 2007 indicated that oil may be recoverable from the Deposit at an average yield of approximately 69 litres per tonne of lignite (in situ) or 0.43 barrels per tonne or better. After adjustments for average moisture content and other variables, GHD (the Independent Person at time of Admission) estimated the Deposit to contain an extractable volume of approximately 200 million barrels of oil, should the JORC code calculated Inferred Resource of just over 500 million tonnes of lignite (assuming a 5 metre thickness cut-off) be proven to be economic. Index n/a

Spitfire Oil Key Numbers

Latest Share Price (p) 0.00 Net Gearing (%) -68.79
Market Capitalisation (£m) 1.49 Gross Gearing (%) 1.71
Shares in issue (m) 25.88 Debt Ratio 0.00
P/E Ratio -0.40 Debt-to-Equity Ratio 0.00
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.02
Dividend Yield (%) 0.00 Price to book value 0.34
Dividend cover (x) 0.00 ROCE (%) -85.07
Earning per share (p) -14.50 EPS Growth (%) -504.17
52 week high / low 15.25 / 4.76 DPS Growth (%) n/a

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Spitfire Oil Share Price Discussions

more than 1 year ago

Spitfire Oil, the oil version of Griffin Mining ! (SRO)

Griffin Mining owns 40% plus of this company, at long last recovering together with Spitfire Oil !.

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