Value I am seeing in RMPRan some numbers last Friday. Here is what I am coming up with.
While I personally believe that YE exit production will be 13,000 - 15,000 boepd, to be conservative I have used 12,5000 boepd for both November/December production and 2014 exit.
As always, due your own due dilgence and your own math to support your own conclusions.
Larsen6
| Total Production Value + Risked NAV ($M) | | | | $ 1,112 |
| | | | | |
| Current Share Price | | | | 6.65 |
| Market Value of Company | | | | 792.0 |
| Current Enterprise Value ($M) | | | | $ 896 |
| | | | | |
| RMP Discount to NAV | | | | 19% |
| | | | | |
| YE Cash in Bank (Debt) ($M) | | | | $ (104) |
| | | | | |
| Capital Plan for 2014 ($M) | | | | $ 130 |
| | | | | |
| Estimated 2014 Cash Flow ($M) | | | $ 178.4 |
| Estimated Free Cash Flow ($M) | | | $ 48.4 |
| 2014 YE Target Price (Production + Risked NAV per Diluted Share) | | | | $ 8.35 |
| | | | | |
| 2014 YE Debt/Cash Flow | | | | 0.58 |
| | | | | |
| 2014 EV/DACF | | | | 5.02 |
| | | | | |
Capital Cost/Boepd New Production
(YE 2014 vs YE 2013) | | | | $ 26,000 |