Great Postings Niel,
My calculations arrive at similar figures however I have been a little more conservative with a P.E of 6? I see you used a P.E of 10 and like you say thats conservative because wells from the area have been proven to flow for around 15 years.
I guess at the end of the day a valuation on any company can be valued up or down at the mercy of P.E?
On a fully diluted basis my valuation arrives at 29.2cps on current two wells production plus 6mmcfd from Jet 3(A very conservative figure, as we are expecting up to 15mmcfd)On a hypothetical flow rate of 15mmcd from Jet 3 my valuation then arrives at .45cps
Basically, for every extra mmcfd to BUR(Million cubic feet per day)we can recover on top of these three wells, this can add around another .02cps
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.04M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $2.96K | 24.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 57446 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 0.115 |
1 | 5000 | 0.110 |
1 | 5238 | 0.105 |
1 | 1000 | 0.100 |
1 | 30000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 57446 | 2 |
0.125 | 145615 | 2 |
0.130 | 142857 | 1 |
0.140 | 100000 | 1 |
0.145 | 215100 | 3 |
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