RE:RE:Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000I was being conservative.
So if we do it your way, more realistically the numbers are as follows:
(a) 2 license at $ 6,000,000 USD * 1.30 exchange rate: $ 16,000,000
(2) 50,000bbl/day * 2 lands * 365 days * $ 4 USD * $ 1.30 exchange 189,800,000
Total profit from this deal: $ 205,800,000
Earnings would be approximately 25 cents per share.
So why is PQE selling????
With this type of a return, stock should be DOUBLE DIGITS at a minimum.
My personal opinion,