kik vs ctp shows ctp 67c value

After a bit of thought I think the best way to get a handle of CTP's value is to look at KIK for the following reasons

1. KIK are an oiler
2. Unlike NDO KIK does not have any production
3. KIKs net share in NDOs field is 40% of SC54 = 2.4 Billion Barrels so KIKs share is 1Billion Barrels Oil Approx

So lets compare

KIK 350million shares + 150million 5cents well in the money options so total is 500million shares which at 27cents = $135Million Market Cap

and KIK have a 1Billion Barrel Share of NDO field

So thats 13.5cents PER TARGET BARREL

CTP has 270million shares including rights + 130m options = 400m

Now CTP has a 100% interest in 2Billion Barrels

Using the 13.5cents I got form KIK this is worth $270m

Using 400m shares on issue this equals 67.5cents CTP

Now I'm not saying that CTP will get to 67cents but on a comparison to KIK which is also a NON PRODUCER with only an ESTIMATE it does make CTP look very cheap


Trade4profit posted similar last night, but i would love to get some feedback on the analysis drawn?


Cheers!