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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Comment by investpro2on Oct 10, 2012 7:48pm
216 Views
Post# 20471044

MRP Expendiures on TSB back to MRP

MRP Expendiures on TSB back to MRP

MRP has a 54% net profit interest in the TSB field and a 48% working interest.  MRP expenditures are returned to MRP by the extra 6% net profit interest, so the expenditures approx so far I believe approx $30M and future capex as well are returned to MRP in the from production.

Along with the marginal field higher net backs, and the above extra 6% net profit benefit to MRP, are 2 items to add in your valuation calculation, so it is not just a straight dollar value for the oil but also the marginal field higher net backs and increased net profit interest

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