GREY:LSTMF - Post by User
Comment by
oilman53on Jun 01, 2016 10:29am
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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.