OTCPK:ARNBF - Post by User
Comment by
skeksison Jan 14, 2013 4:29pm
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Post# 20836556
RE: $30000 per flowing barrel????
RE: $30000 per flowing barrel???? You forgot to account for debt. Enterprise value is 431 million and production is ~4500 bopd. So $96k per flowing barrel current valuation. But the NAV is over $4 per share and that is using conservative assumptions about waterflood recoveries. Reccommend checking out new presentation on their website.