GREY:PTVYF - Post by User
Comment by
supserstaron Dec 11, 2010 1:41am
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Post# 17833025
RE: RE: Cash
RE: RE: Cashmy understanding is the combination of the two tort and morichito, ptv should be producing 1000 bopd sometime next quarter. that should annualize 2011cash flow at around 20 million if they can get 60 net backs. not sure if that is possible but if so, at 5 times cash flow should be a bit higher than 50 cents for ptv, no? 50 cents on 1000 bopd would equate to 85,000 perflowing barrel, which is a bit high \i suppose.
i am hoping for 35ish on tort and that it can get to .40 plus nextquarter if they get the permit, tort on line and morichito lined up. after that there is more development drilling to do at tort and lots of exploration in columbia and brazil..