OTCPK:AETLF - Post by User
Post by
geomeanon Jun 11, 2007 12:13pm
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Post# 12923417
Iradesso Report
Iradesso ReportIradesso has released it's 1Q07 report.
Among other stats provided, Arsenal is shown as selling for a 54% discount to Iradesso's SIMPLIFIED NET ASSET VALUE ESTIMATE (%) without including the value of its Egyptian land. ["Arsenal’s undeveloped land shown in this report does not include 2,226,902 net acres of undeveloped land in Egypt."]
With production at 1848 BOPD it's EV/BOE is $27,133 vs the median of $60,418 with a natural gas weighting of 18% vs the median of 71%.
A big weakness is it's cash flow net back of$11.09. Hopefully that will improve with the behind pipe production being brought on line and the completion of the Bakken horizontals.
Hope this link will work.
https://iq.bmir.com/iq/2007-q1-iq.pdf
If not then go to https://www.iradesso.com/i/home.html