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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13.0¢ |
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Mkt cap ! $19.54M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 13.0¢ | $2.799K | 21.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 63241 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 6289 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 63241 | 0.130 |
2 | 262637 | 0.125 |
3 | 82815 | 0.120 |
1 | 45454 | 0.110 |
2 | 65000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 500000 | 1 |
0.170 | 197928 | 1 |
0.180 | 50000 | 1 |
0.200 | 63000 | 3 |
0.000 | 0 | 0 |
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