GREY:ROAOF - Post by User
Comment by
zagorskeon Oct 20, 2014 5:38pm
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Post# 23044989
RE:RE:Careful - $8.00 per barrell profit
RE:RE:Careful - $8.00 per barrell profit Using normalized valuation metrics of $80,000 per flowing BOE and year end exit production of 1500 BOE/d shows us that this stock is a real value at 39 cents.
i.e. 1500x80000 = 120 million plus $55M for undeveloped land minus $25M net debt
equals $150M net asset value ( 150 / 90 = $1.67 per share )
Add to that more value if the two wells drilled in Q3 were winners like the 14-2 well.