GREY:ROAOF - Post by User
Post by
Resilienceon Feb 16, 2009 11:51am
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Post# 15781372
Real Value OIL (BVX Valuation)
Real Value OIL (BVX Valuation)
- BVX had 26.7 MMBOE 2P incl. Peik
- Peik doubled BVX BOE reserve so after sale this is 13.35 Mmboe
- Produced about half a milion brings 12.85 MMboe
240 Cad $ buy out gives Cad $ 18.7 per barrel
OIL's 2p is 66 MMBOE x 18.7 = 1.234 Million Cad
Debt is GBP 500 = around 900 Cad $
1234-900=334.2 million Cad devided by 227.5 million outstanding shares is around Cad $ 1.45
This figure has also been independently calculated before as a low end estimation by:
- Wellington West
- Different calculations by other posters.
R.