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stock analysis => whl, page-2

  1. Meso1973
    1,910 Posts.
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    06/07/13
    00:11
    Post #: 11971699
    interesting...

    the report estimates $106mill value for farmout deal...
    (my own predictions were for like 75 to 100mill range :-) )
    with whn holding 20% stake...
    and cash component of $5mill... which would mean 106-5=101-25(3d seismic)=76mill for drilling(?)...
    this would cover about 3 holes... if about $20-25mill each

    the potential 250mill barrels oil strike giving whn a value of 42cents per share might in fact b much much higher, if they happen to drop 3 drills in 3 mother loads... etcetc...
    wishful thinking i know... but thats y we re all here :-))
    QFY Price at posting: 2.6¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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