OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Apr 23, 2007 10:40am
130 Views
Post# 12657146
RE: Equity or Debt financing
RE: Equity or Debt financingDont panic Vingoon. Take it from Bigbad!
Only 10 mill shares from last financing so 100mm O/s (give or take a million!)
$1 in cash per share!!!!!!!!
$4 in value from my back of envelope calcs(based on Argie assets and East Causeway last year)
Financing in place gives floor price of $5.
so you get $100 million of blue sky drilling for free!!!!!!!!!!But I has said before alot of the driling is not all high risk Expro. Causeway significantly de-risked. TDF development drilling (they seem to hit on every well!). Fyne and Dandy -appraisal type. Medianara and Capricorn - rank wildcatting but onshore.
Bluesky for free!!!!!
Bigbadun'