Post by
TheRock07 on Jun 16, 2014 8:46am
Where we are relative to Magdalena
With its new acquisition, MVN will have the following valuation indices....
...550 million shares
...$275 million market cap
....11.1 million boe of 2P reserves
....production of 4900 boe/day
These would rate its 2P reserves
......at about $25,000 per boe
Its valuation per flowing boe of $55,000
Its 2P reserves at 20.6 per per 1000 shares
Its production at 9.1 boe per 1000 shares
RPT has 2P reserves at 300 boe per 1000 shares
RPT has production of 10 boe per 1000 shares
RPTs current production would be valued at $12 million
RPTs current 2P reserves would be valued at $170 million
MVN current market cap is 7 times forecast annual cash flows, including the current acquisition.
MVN is 70 % oil which would account for a higher valuation per unit.
However, its forcast netbacks are below average and its RLI is below norm.
RPT has a cash cow in its gas processing plant that will offset a significant amount of any oil versus gas bias.
At 7 times annual cash flows, the gas plant alone would be valued at $38.5 million US.
With a current market cap of just $10 million, we have no where to go but up..
Comment by
2j3kl on Jun 17, 2014 8:07am
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Comment by
paljoey on Jun 18, 2014 3:34pm
Those four wells would boost cash flows to about $12 million per year. That means Arpetrol is trading at less than 1 times 2014 realizable cash flows. Announcing a JV with Repsol would change that pretty fast.
Comment by
ValueCat on Jun 20, 2014 11:57am
Repsol would sink more $ into the country after what happened to them???
Comment by
2j3kl on Jun 20, 2014 1:24pm
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Comment by
TheRock07 on Jun 23, 2014 9:01am
YFP repsol is the corrent name of the ( now ) argentian owned subsidiary of parent Repsol