the following post was made by Condog (aka OilGoldGas) on ASF, i am reposting it here for HC holders benefit
From march 8th Preso
5000 boepd post royalties by end of 2011.
$20K maintainance per well. Average interest of AUT approx 24% or so.
5000*340=1.7M boe * $100perboe $170M
80wells at $20K * 12 * 24% = $4.6M
Post royalty rev approx $165M
PE of 10 = $1.65 Billion
PE of 15 = $2.47 Billion
PE of 20 = $3.30 Billion
PE of 25 = $4.1 Billion
current mcap approx 380,000,000 * 2.90 = $1.1B
Sector average PE is genrally north of 20, its presently 24.
$4.1B over 380M = $10.79 per share.
Note this does not mean it will come true but its easy to see the potential on offer.
Im using $8+ as my projection. Which again doesnt mena it will be met, but thats my basic valuation using several methods.
rough valuation
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83.0¢ |
Change
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Mkt cap ! $398.9M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 20000 | 82.5¢ |
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| 83.0¢ | 51106 | 3 |
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