ARPETROL LTD V.RPT

Casimir Capital had 15 cent target on first FV drilling

[TheRock07]

bloooody iPads are useless for live links and pasting....for full research report google Casimir report on Arpetrol 2012


Recommendation: Speculative Buy; Target: $0.15

 

1st Faro Vírgenes Slant Well Proceeding Smoothly, with Q2/12 Results Showing No Surprises; Stock Price Backstopped by Cash, Giving Free Upside on Proven Assets

Projected Total Return

275.0%

Pricing and production surpass expectations, as 3rd party processing revenues trend upward

[smithgee]

bloooody iPads are useless for live links and pasting. and for much more ...after 3 years I dumped mine and went with a surface pro

[TheRock07]

According to Casimir , the three development wells at FV have average 2P reserves of 2.8 Mmboe each. At current gas/liquids prices of $50+ per boe, gross revenues for the life of each well would be about $140 million. Remove $30 million for drilling development costs and sustaining capital, and with normal net backs, cash flows would  be about $60 million. Thats  a superb IRR for an

[TheRock07]

Errata   Multiply by 3 and your cash flow profits from the field would be $180 million. $30 million easily for FV field Casimir estimated 15 cents including just one producing well from FV   I   

[2j3kl]

This post has been removed in accordance with Community Policy

[2j3kl]

This post has been removed in accordance with Community Policy

[2j3kl]

This post has been removed in accordance with Community Policy

[TheRock07]

The reserves update is late this year but should be coming out soon. The high valuation either per barrel of 2P reserves or per flowing barrel for BOE shows that Argentina does not have a discount when compared to other countries eg CAnada. This bodes well for any sale of assets. I see no reason why we should not achieve a valuation of 10 cents a share

[groundpounder2]

Remember that management and Directors are in at $.13 except for insider purchases.  I think that should be the base price.