Correct BOT,
They are low ball, which is why you can throw some confidence behind them now. When TSV announces good clean gas, then we re-rate.
That is also why I specified my conditions, which is more than I can say for most published npv's
Transerv's were one of the best- but they didn't specify the discount rate. [rate of return on you money if you were to buy the company for that price]
I did however specify
15% discount rate
1 Tcf reserves (nice and comfy for 1-3Tcf)
$6 Gj (recent WA contracts $8)
the big one in regards to next ann is
2 mmcfd per well for first three years
MOST IMPORTANTLY
2 extra cents for 4mmcfd
8.5 cents [triple today's sp]
The company is claiming to be able to produce 5+ mmcfd
That would be huge and I have my estimates for that occuring. But I prefer to keep a liitle grounded.
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