OGG,
I disagree with your valuation details.
You value AUT at $1.59 or $1.81 using a P/E as your valuation method. A p/e shouldnt be used for resource stocks and especially AUT.
You state on the valuations "That places absolutely Zero value on the undeveloped acerage and reserves" so are you only using the producing wells by YE 2010? Thats what it appears.
A very simple calculation would show that the wells on line at Dec 10 solely would not come close to $1.59 or $1.81.
18 wells x ~ 20% = 3.6 net well. At EUR of 600k of pure oil at $80 = $172.8 thats pre tax, pre royalty (approx 25%), using 100% oil price for simplicity, no discount factor
Just trying to provide some direction
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OGG,I disagree with your valuation details. You value AUT at...
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