OTCPK:PDPYF - Post by User
Post by
largeinveston Dec 09, 2015 10:19am
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Post# 24368658
4 TCF of gas
4 TCF of gasWe will show and increase in reserves to 4 TCF this year. Our current enterprise value is $400 million. You are getting each TCF of gas for $100 million.
Now Petronas a few years back paid around $1.5 billion for each TCF of gas. Hmmm..Hostile Takeover is possible with its 94% off sale price.
Oh and PPY did a big investor update, which they should have put in a news release detailing the billions saved over the next years by improved technology, which means they lowered the number of wells that need to be drilled.
https://s2.q4cdn.com/513538771/files/doc_presentations/2015/13112015-Q3-Investor-Update-FINAL1.pdf
There 5 year forecast is based on gas averaging $2.75 NYMEX. The number of wells that need to be drilled has dropped from 318(in 2014) to 198 today a decrease of 120 wells. Assuming an average cost of $5.9 million, PPY has saved $708 million...But wait there is more..The wells used to cost $8 million. 198*2=$396 million. So in the last two years with improved technology and lower costs PPY will save $1.1 billion and they didn't even bother to put that in an NR>