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Petro One Energy Corp CUDBF



GREY:CUDBF - Post by User

Post by gksrcn61on Dec 10, 2013 2:57am
471 Views
Post# 21988599

POP VALUE .68 RIGHT NOW

POP VALUE .68 RIGHT NOWHi All, I was doing some detailed research on Petro One Energy today as my boating partner and I returned from San Diego early this morning "what a great trip". When we were in San Diego I was very pleased to hear from my boating partner’s friend who manages a Resource Fund in San Diego that he was told a Canadian listed issuer had some significant news coming and was currently heavily undervalued. We had dinner at Blue Point Coastal Cuisine and he asked if we had heard of Petro One before. We talked at great length about how we have owned and followed the company for 2 yr.’s. I could hear the song "it’s a small world playing in my head while we talked". He was told the stock was a buy from a Senior Oil Company GEO & stated that the assets Petro One has are the best he has ever seen in a junior and the growth profile of this company will be significant over the next 24 months. The fund manager was more excited than I was. He stated that the land value of Petro One was worth just the market cap alone. So I did my research today and here it is below. 10,000 Acres @ an average of $1,123.00 per Acre = 11,230,000 Cash = 1,500,000 100BPD (Just Oil) x $100,000 (industry average) = 10,000,000 Cash Flow *Current* Per Yr = 1,000,000 Shares & Investments in Treasury = 1,600,000 3 Wells being drilled by Arc Energy (2Mill Per Well x 30%) = 1,800,000 P1 Reserves 673,000 BPD x $20 (in ground value) = 6,730,000 Management and Shell Value = 1,000,000 5Mill BPD (Un-Risked) P2+P3 at $1 CDN in the ground = 5,000,000 DEBT = ZERO *WOW* :-) I’m giving ZERO for BLUE SKY also. = $39,860,000 $39,860,000 divided by 59,000,000 Shares out = .68 This is the value of the company right now, with no blue sky. I can see why he was so excited now, if Petro One has more deals coming with senior oil companies & has some success on its own. We could be in for a real ride as the company is worth .68 right now. Read more at https://www.stockhouse.com/companies/bullboard/v.pop/petro-one-energy-corp?postid=21893060#sf66Mcxs8YTU8lbh.99
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