STX 2.78% 17.5¢ strike energy limited

cash flow from well 1, page-23

  1. 37,286 Posts.
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    re: cash flow from well 1 - paulhart hi guys

    this is just calc the gas value, doesn't include any oil..

    also you have presently 185mm shares, fully diluted 209mm shares

    Shefcik potential...10-15bcf

    Strikes share........2bcf-3bcf

    approx 20%net revenue.....

    using US$8...AUD$10.62...

    revenue from (2bcf) AUD$21mm---(3bcf) AUD$31mm

    Webernick potential 15-20bcf

    Strike's shares..3bcf-4bcf

    revenue from (3bcf) AUD$31mm---(4bcf) AUD$42mm

    AUD$52mm divvy 185mm shares=AUD.28cents

    AUD$52mm divvy 209mm shares=AUD.25cents

    AUD$73mm divvy 185mm shares=AUD.39cents

    AUD$73mm divvy 209mm shares=AUD.34cents

    Gas alone could be worth between AUD$51mm & AUD$73mm

    market cap currently on 185mm sharesX.28cents=$51.8mm

    market cap on 209mm shares (fully diluted)X.28cents=$58.5mm

    you'd also take a little out for development & ongoing costs..

    regards
 
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