Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Energy Oil & Gas E&P
Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Touchstone Exploration Inc
Bullboard Posts
User Avatar Image
(0)
•••
Post by Malahaton Dec 30, 2010 6:34am
1006 Views
Post# 17905171

Share value

Share value

From the available info I could find quickly.

 

Petrobank has             $6.2 million cash

Will receive                  $8.2 million dividend for 4th quarter from PMG

Will receive                  $105 million annually from PBN (NPV @ 10%=$577.5million)

$577.5 million + 6.2 million + 8.2 million = $591.9 million

Shares outstanding = 106.1 million NPV/share = $5.58/share on cash and cash flow outside of operations.

Each share of Petrobank owns 1.04 shares of PetroBakken $21.06 * 1.04 = $22.63



$5.58 = $22.63 = $28.21 per share, without assigning any value to the known reserves on land held, the value of technologies owned, the oil currently being produced by the HBU or the value of projects in their formative stages.



The closing share price Dec. 29th was $23.70, about 16% below NPV based on cash and cash flow alone.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities