GREY:VFGGF - Post by User
Comment by
ofirmeon Mar 03, 2014 1:55pm
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Post# 22273770
RE:RE:RE:Corporate Presentation
RE:RE:RE:Corporate PresentationAlso, do you take into account discount rate? I think your numbers are nominal. you should do NPV10 to
account for the cost of money.
I will try to look for my spreadsheet that I did about the basic value of a well. I believe that I came up with
about $5M of NPV10 in four years on 80 wells (accounting for 25% converted after year two).
If you assume that Pinecrest took $150M of the value already, you are left with $250M over the next three
or four years (NPV10). that is on top of about 80-100 sections of land that are economic for drilling (400
locations before downspacing).
Anyway, sorry for picking on you before. ofir.