OTCPK:ARNBF - Post by User
Post by
thebeek02on May 08, 2010 4:15pm
481 Views
Post# 17077739
another value? ideas?
another value? ideas?At $4.00/share with 50 million shares and about $50 million debt this is valued at $250,000,000. At $75.000 per flowing barrel of oil, this is valued at 3500 flowing Boed. We,ve got approximately 2100 bankable boed (including last 2 wells (we hope)). How quickly do we add 3-4 wells with 3-400 boed to reach present value.
-Now, after 5 wells, or after 10 wells next winter? How many wells would convert to 7000 boed or $8.50/share, remembering after initial production rates, depleting to 200-400 boed in 2-3monthes ? It would take maybe 20 wells?? Or what would Penwest pay for 200 locations this season?