GREY:PTVYF - Post by User
Post by
CalDudeon Jun 11, 2012 10:23am
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Post# 19999125
PTV Valuation @ $0.234 Per Share
PTV Valuation @ $0.234 Per Share The workover in Brazil will likely yield production of 400-500 boepd to PTV based on their portion of the work, before net of taxes. We value quality Brazilian oil at $100 barrel for argument's sake. It may be a bit higher or lower any given month.
From that they should immediately realize, on just two wells, up to $1.50M in gross revenues per month, and therefore net of taxes, costs and royalties around $750K. With warrants cashed (taking the stock to 100M O/S) and between $3M to $7M added to the kitty, PTV could be easily sporting $ 0.234 per shares based on a 2.6 x earnings, and a market value of the company's shares at $23.4M plus cash.
That's a three bagger from here and when they are ready to let it run again we're going to take a shot at it. If the company wants those prices it's theirs for the asking.
Cal