usa data good for stocks like coe , page-3

Some quick calcs
2.5 million x 26( NPV per barrel used by brokers for 2p reserves per barrel) = 65 million
Cash 69
134 million of core value
Current market cap 118.5
Obvious value with EV per 2p reserve barrel at 20 based on current market cap
Add hammamet west and other Tunisian assets
Value or Aus permits ( including shale assets)
Not as cheap as it was in the low 30s but cheap none the less. In an a stabilized market based on current assets should be trading in a the high 40s. I say high 40s as in the last 15 years where i have been investing in the O and G sector, unless these is active driling, oil stocks gemerally trade at a 20 -30 percent discount to full value. Coe needs something to get people excited. This used to be a heavily discussed stock. Now it's pretty quite.