RE: RE: RE: RE: RE: RE: RE: RE: RE: Petrodorado Di Here's a few numbers I like to read on the potty:
- Risked Nav used to be $2.4/sh, after Peru divestiture it should be around 2/3rds of that (approx $1.60/sh)
- Cash in the bank of about$ 0.13/sh ($64M/485M sh)
- If they hit commercial oil at Dorado, it should be worth in the area of 0.40/sh. (20MM bbls P50 Net to PDQ at $10/bbl) If they find they can frac the gas in the Tetuan formation and get commercial flow rates, there are 100mm boe net to PDQ.
~ CPO-5, if permits should one day arrive, has huge potential (115mm bbls net unrisked P50), with more prospects likely to follow in the northeast corner very close to recent Jilguero and Kitaro discoveries.
~ Paraguay not until next year. If they resolve legal issues they would finally be able to drill the heck out it. Has nice potential, lower risk exploration.
~ Bugainvilles ... who knows. Steam pilot and farmout for Visure. Maybe a re-drill of Tuqueque. Nothing spectacular with the ecopetrol backin right.
~ Tacacho has a little blue sky potential, but they are only drilling a strat well later this year. Some additional seismic as well.
The real play here is CPO-5 IMO, the others are gravy.