"Net backs in Guatemala approximately 50% of the WTI market price – favourable economics"
$46/bbl net profit* 610*70%(net share) * 350 days
=$8m net profits per year
=1.8c EPS
fair value should be:
1.8*5=9c (C13C14 potential offset the option at 4c&7c--which further bring significant cash injection)
9c is the fair value based on 610bbl per day.
13ft at C17 remains untested, if produces another 610bbl, you have to work out:
Fair value:
15c per share!
MC is 9m ATM, SP is 2.3c!
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- 8m net profit per year vs mc 9m, fair value 9c
8m net profit per year vs mc 9m, fair value 9c
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