calculationThis is a calculation for the MAIDSTONE-oil field assuming that:
1)
All warrants will be converted to shares until 12/31/2007. There are 76.778.939 shares at the end of the year.
2)
The MAIDSTONE-oil field is fully developed. Daily oil production is 80-90 bopd today. With all 4 pay zones producing: 200 bopd (?).
3)
The DHT technology will increase production by 300% (?) => oil production: 600 bopd.
Per Year: 600 bopd * 365 = 219,000 bopy
4)
Assuming that the light oil price is at an average of 60 USD => average price for crude oil: 60 USD - 30% = 42 USD per barrel.
5)
Revenue per barrel. Assuming 20 USD (?) => Revenue per year: 219,000 bopy * 20 USD = 4,380,000 USD = 4,596,794 C$
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EPS: 4,596,794 C$ / 76.778.939 shares = 0,06 C$
P/E Ratio: 0,38 C$ / 0,06 C$ = 6,3
Market cap: 76.778.939 shares * 0,38 C$ = 29,175,997 C$
This is a calculation for one small oil field (0,8 * 1,6 km)!
I hope, PETROSTAR will buy or lease more oil fields to increase their own oil production.
This is no risky investment, IMHO
Greetings from Germany