GREY:ARWJF - Post by User
Comment by
Wall.Streeton Nov 28, 2011 11:18am
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Post# 19271080
RE: Fort Aroway
RE: Fort ArowayMouse,
I believe the reason that Aroway is priced at 85 000 boe/d in their presentation is because they have also included their land assets for a complete company valuation. So if you say 65k/boed, you could probably add about 20k for all of there assets which would give you a complete picture of the companies valuation.
So, lets just say Aroway puts out some great news this/next week that they are now producing 700 boed. Fully Diluted with 55MM outstanding shares:
700 boe/d = 59.5MM at 85 000 boe/d share price = $1.08
So, when they release a production update and all the warrants get exercised and there is no ceiling on this stock, I believe you will see this stock trading at a buck by early Jan.
Cheers,