Do you think this sounds reasonable??????
Sale of Southern star of 200 million. Minus 50 million current debt=150million.Valuing the stock on cash only basis of 58 cents.
150 million left in the kitty to develop Northern star
with wells averaging 'lets say 100 BOPD'.
300 DRILLING LOCATIONS....LETS SAY THEY DRILL 50 with the cash they have ????? That would be 5000 BOPD.
New stock value based on production only of $ 91 million Profit annualy. Giving the stock a minimul value of 35 cents.Apply a P/E of 5 would value the stock at $1.65.
ANY OTHER SCENERIOS FROM YOU GUYS/GIRLS GOING FORWARD???????????
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