First Asset Cambridge Core Canadian Equity ETF FACCF

Back of the envelop calculation on value

[yycblackgold]

So they have brought this puppy from 50bbl/d to about 500 bbls/d. Using the 500 bbl/d and a rule of thumb $50,000 USD/bbl (MOL 25% WI) equates to about 0.46 $CAD/share. So we need guidance for 2017, growth plans. Assuming they will continue to grow production, let's say to 1000 bbl/d; that would make a projected target share price of >0.90$CAD/share! The reserve report will shed a little light on the potential upside development case. Comments / thoughts?