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CE1 calima energy limited

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Some fair point to consider. Not sure i agree with your estimate...

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Quest09

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09/10/23

19:04

Post #: 70252604
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Originally posted by cokelator: ↑

CE1 oil is valued in WCS, not WTI. It is currently trading around ~US$60 not US$85. Also, I believe 40% of that 1P BoE is gas, which is only worth around a quarter of real oil.

Also, valuation should include operational cost (drilling, royalties, etc). My optimistic thumbsuck at current oil price is ~$10 per BoE. Minus management costs, the 1P is probably worth ~US$70m with 10% discount rate.

Of course, if management pulled another Montney, it may as well be worth ~AU$12m. If we are lucky.

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Some fair point to consider. Not sure i agree with your estimate valuation though.

I purposely showed all calculations so anyone can adjust the variables and work with the figures as they please.

Regarding the price of oil, CE1 has published that in one of their recent announcements.

As per below image: "WTI is currently trading at C$123.82/bbl while WCS is at C$98.55/bbl."

CE1 Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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Some fair point to consider. Not sure i agree with your estimate...

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