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Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Comment by oilman53on Jun 01, 2016 10:29am
121 Views
Post# 24922889

RE:RE:RE:RE:Back of the envelope calculation

RE:RE:RE:RE:Back of the envelope calculationLets assume it is, and use 25% exchange rate.  For 26,000 BOPD you get a value 1.626 billion for a debt of 1.558.  Virtually zero value, especially if they wait as their production is declining 2% per month.  LTS own guidance show 24 to 25,000 BOPD for 2016 average.
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