""as sandy says ad nauseum let's see what the flow rates are""
you can all me every name under the sun if i'm wrong.
but in my opinion, Bismil will be valued on it's oil production ie: bopd not how many barrels of oil it has in the ground.
if you want examples here are a few
CVN
IPM
the above have oil, but it's heavy and doesn't flow very well
IPM have Selmo Oilfield in Turkey
12mmbls, current market cap approx $83mm which values oil at $6.90bbl.
you'd think if someone had 12mmbls using a discount $40bbl this would equal $480mm not $83mm market cap.
i haven't a clue what the market will deem as a positive flow rate for Bismil ie: 50bopd, 100bopd
both CVN & IPM have flow rates around 100bopd, but are very very undervalued..
at least i'm putting some figures and examples on the table rather than talking up some b.s
regards
- Forums
- ASX - By Stock
- EKA
- market cap 26 mil
market cap 26 mil, page-6
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)