The acquisition saw 3P Net Reserves increase from 17 Bcfe to 89 Bcfe and with prices as at 1 January 2010, the PV10 increased by 440% to US$100 million. Daily production increased by 650%, from around 1,000 Mcfepd to a forecast 6,500 Mcfepd. With no additional development drilling over 2010, and no significant decline in gas prices, Empire Energy is expected to generate a field EBITDDA of around US$8.0+ million. Approximately 75% of 2010 production has been hedged at an average price of US$6.32/Mcf.
The current mkt cap of IMP is 12 million and they are going to earn 8 million. If we use PE of 10 then it should be worth 80 million less debt. I think the current price should be atleaset 4 times ie., 3.5 cents based on my rough calcs...... too cheap!!
- Forums
- ASX - By Stock
- IMP
- no wonder why big volumes today
no wonder why big volumes today
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online