330 value about 26c conservatively

ciggy tell us what you think

135 bpdo * 14 = 1890 pd * 52 = 98920 bbl * 40% = 39 658 bbl erh

Income $35 (this number is ??? could be 20-50) so will take ur number because its easier to compare

35 * 39 658 * 7 (pd) = 9 716 210

* 10 for PE (sorry thats i will give for any stock and i think i am being kind as well)


NOS = 365 million

therfore market cap 97million = 26c * 10% dicount risk factor (common practice)

23c or so.

thats my conservative calc, i dont tend to be optimistic because they havent given me reason too.

BUT i dont know what CAPEX will be for this setup PLUS production is assumed to be 1890 per day, who knows it could be less but i think we would agree fair value is what the SP is now, so its a buy based on that. plus they have the wild card of other assets worth a few bob itself that could help

agree?

so you are paying for 330 100% success and 430 0% success?

seems ok to me but DYORR i am not an analyst