TSXV:OOI.H - Post by User
Comment by
dyazon Jun 11, 2014 1:32pm
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Post# 22650002
RE:Property Valuations
RE:Property ValuationsThe math. $100 x 23.7M BOE= $2.37B x .35 = OOI share. OOI value = $839.5 The president has a lot of work ahead of him to get this all out of the ground. The first will be to convince the new partner to sign on and then start to drill up the resource. Value will rise along the way as long as dilution doesn't occur too quickly. The good news is the latest financing is supposed to be good for operations through 2015. Maybe by then we can raise some real $$ at much higher levels. Hopefully above $.50 We cant forget that as we move forward with the success of the first wells we start to achieve revenues. In addition OOI management is not limited to new projects elsewhere once the Petchaban Basin is off the ground. I agree. The president no longer is subject to Rockstone as they have blown their opportunity to be the operator.