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Kolibri Global Energy Inc BNKPF

Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.


GREY:BNKPF - Post by User

Comment by Carbonbullon Oct 29, 2019 3:00pm
82 Views
Post# 30282961

RE:RE:RE:RE:explains why no inside buying

RE:RE:RE:RE:explains why no inside buyingmy point on the float is there are interested shareholders accumulating myself included that reduces "so called public float" ie shares are not for sale until a takeout .  right now i beleive that number to be less the 150 m .

as to valuation of this property in a healthy junior market EV would be at least 150 million usd in this lack of interest market i beleive EV to be about 100 million usd , which gives 70 million usd to equity value , or just about 100 million canadian which suggests give or take 40 cents in value.   roghly 100 percent of pdp and 25 percent of puds on a forward strip basis , plenty of room for the next well capitalized owner to triple their investment if strip satys consistent , 10 bagger if strip escalates 
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