Hey guyswell, I posted a valuation attempt few weeks ago - have...

Hey guys

well, I posted a valuation attempt few weeks ago - have a look.

I only worked it on $5 for the contract, and 10 wells only...

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Any way you look at it, if you park 10k into imp now - in 2 years time check back and tell me you can't pay off your kids school fees for a few years with the money you'll have.

imho

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Good news.
Next 5 wells started.

The first 10 wells are now producing.

Importantly - how much is each well worth - I think this is really important so we can properly value IMP now.

I have thrown this together. I am no miner, or numbers man, but just did it on the last announcements - and assuming price of gas around $5

Could be wrong, but just to throw it out there.

Valuing IMP
(Flow rates are based on announcement 16th June – avg 950mcf per well)

950 mcf a day x 15 wells x $5 (current price of gas) = $71,250 a day

$71,250 x 365 days a year = $26,006,250

Over 40 years = $1,040,250,000.00

Less $3,750,000 costs for each well ($250,000 for each of the 15 wells)

Total revenue over 40 years:
$1,036,500,000.00


We all know it is undervalued atm, so can anyone make a comment along these lines?

Cheers