what is it worth

Hi all

Here is my crack at working out the SP based on production of the wells. I have given 3 possible scenarios and used P/E ratio to work it out.
I am hoping for scenario 3 LOL

Cheers

ciggys




Shares...............................120,880,219
New placement........................15,000,000
Options..............................109,914,313
Fully diluted........................245,794,532
Current Fully diluted market cap =...$122,897,266.00

scenario1
Oil per barrel= .....................$100.00
500 barrels per day=.................$50,000.00
40%=.................................$20,000.00
For the year=........................$7,300,000.00
Average P/E Ratio for the sector ....23.86
Current SP .50= a P/E of.............16.83524192
To meet sector average 23.86= a SP of.$0.70

scenario2
Oil per barrel=......................$100.00
1000 barrels per day=................$100,000.00
40%=.................................$40,000.00
For the year=........................$14,600,000.00
Average P/E Ratio for the sector.....23.86
Current SP .50= a P/E of.............8.417620959
To meet sector average 23.86= a SP of.$1.45

scenario3
Oil per barrel=......................$100
5000 barrels per day=................$500000
40%=.................................$200000
For the year=........................$73000000
Average P/E Ratio for the sector.....23.86
Current SP .50= a P/E of.............1.683524192
To meet sector average 23.86= a SP of.$7.00