Pennant Energy Inc PENFF

production est

[wintersun10]

old wells  approx 50 boe

14-29    128 boe

15-32   111 boe

13-33   100 boe (guess)

Total   389 boe/day

Then if you borrow numbers from CQE you get a price of $20/boe

and an operating netback of $10/boe...........

Assuming the price of nat gas has bottomed this is a worst case scenario.

Per year 389 * 365 = 141985 boe/ year, multiply that by ten for your yearly operating netback estimate.

[wintersun10]

so then that leads to a valuation: CQE trades at 7.5 times operating netback. 1.4 mln op netback * 7.5 = 10.5 mln shares out is 68 mln valuation per share = 10.5 mln / 68 mln shares =  $ 0.1544 per share.... based on a rising price for nat gas 15c should be rock bottom value, then if you add a well or two PEN's value should go up substantially over time.

[wintersun10]

nat gas analysis: https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31391573&l=0&r=0&s=HNU&t=LIST

[wintersun10]

apparently CLT selling for $ 100,000 per boe/d if the est production stands up, CLT gets valued more over 7 times PEN....per boe/d....oh, oh time for bargain hunting...if you ask me..