Based on market caps from quarter since March 2012, current SP is cheap. With averaging method from March 2012- 2013, the SP should around $0.02.
What changed from March 2012 to March 2013 (some highlight)
* production is increased to 128 BOPD Net to Austin(Dec Quarter)
* proven Eagle Ford asset with delay in production (IP 403 BOEPD, per 14 March news)
* proven Birch Ford asset with delay due to drill liquid extraction
* Mississippi gusher
* LOI for FO
* bring down admin cost from 563,295 (Mar 2012) to 472,454 (Mar 2013)
* etc...
Below the quarter mkt caps snapshot
March 2012 Quarter
Total shares: 947,163,760
Price: 0.029 (at ~30-Apr-12)
Mkt caps: $27467749.04
June 2012 Quarter
Total shares: 1,497,386,721
SP: 0.02 (at 30-Jul-2012)
Mkt caps: $29947734.42
September 2012 Quarter
Total shares: 1,497,386,721
SP: 0.028 (at 31-Oct-12)
Mkt caps: $41926828.19
December 2012 Quarter
Total shars: 1,502,386,721
SP: 0.023 (at 31-Jan-13)
Mkt caps: $34554894.58
March 2013 Quarter
Total share: 1,516,920,471
SP: 0.014 (at 1-May-2013)
Mkt caps: $21236886.59
GLTA. DYOR.
good buy at 1.4 cents ?
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)