OTCPK:AETLF - Post by User
Comment by
riverrowon Dec 13, 2006 6:48am
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Post# 11857658
RE: cheap
RE: cheapI stand corrected. I really should double check before I do the math in my head. Last quarter shares outstanding 65 million times share price 80 cents for $52 million plus $20 million debt for $72 million divided by 2000 boepd for $36,000 per flowing barrel. This does not include future income taxes of $13 million which would raise the total to $85 million or $42,500 per flowing barrel.