Stock Value in a merger dealoil at: PPS (CAD)
$60..........0.30
$65..........0.34
$70..........0.38
$75..........0.43
$80..........0.47
$85..........0.51
$90..........0.56
$95..........0.60
Model assume value at depletion, 10% discount rate, 0.8 exchange rate, U$60M cash, U$30M debt, 2P update at 2013, no new discoveries, 5500 boepd.