TSXV:NS.RT - Post by User
Comment by
Methodon Jul 07, 2021 5:15pm
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Post# 33509489
RE:RE:RE:options grant.
RE:RE:RE:options grant.4x annualized Q4 cash flow with paper from a small producer at the same multiple. I think that works out to around 40 cents. It's still less than they sold the working interest for so might be too low for a cash deal but getting cheap paper that could rerate and grow faster can offset that.
Their forecast operating costs for 2022 are less than $13/boe which is hugely profitable at current prices. Also, I don't know with what capital you expected them to prove up Entice since it's been discovered.