RE: Valuation Calucation for ATK So, following up on your valuation calculation and the Company;s information...... $100,000 per flowing barrel ---
It would appear that - if the 8th well eventually turns out to be a producer in the estimated amounts --- they will be close to the stated estimates of 400 boe/d. This would bring the value to just under 14 cents per share. It would also not include any value for the other properrties.
What I don't quite understand is how the actual number would be determined. ATK has 21 sections in MB. I would assume that a company with 10 sections and 400 boe/d or a company with 40 sections and 400 boe/d would have significantly different values than what ATK just reported.
I also don't believe (strictly my opinion) that they turned down any recent offer coming close to 14 cents. So, if they drill the HZ at Roncott successfully -----how do we put a realistic value on this thing?
D is T