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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Comment by KidKorsakoffon Nov 24, 2014 7:19am
363 Views
Post# 23157349

RE:MRP most recent financials

RE:MRP most recent financialsThe value is the 102mmbbl asset: Approximately $50M value for Mira's interest. Subtract out debt and legal fees + other and they would net in the ballpark $30M ( 20 cents a share). The deal would most likely be $ or shares in a strong intermediate oil company operating in the area (5 likely candidates). Remember, Mira has had interest at the 30 cent range before and the recent Schlumberger report shows the value of the development Tom Shot Bank Mira asset. This is not a high-risk exploration play, this is simply a development play in shallow offshore Nigeria. This means it is easy (and less expensive) to drill and it does not have the onshore Nigeria oil piracy issues. Offshore is the hot play in Nigeria now.
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