GREY:ROAOF - Post by User
Comment by
bcjton Feb 09, 2004 8:00pm
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Post# 7028697
Calculations..On cash flow & Reserves
Calculations..On cash flow & Reserves 10,000boe x $40.00 can=$400,000 a aday>Remember there is no royalty payments to the uk gov on north sea production.
$400,000 (can)x 350 days=$140 mill Div 65 mill shares=$2.15 EPS
Now which #x EPS should we use 4,5,10 etc = shareprice
Based on oil in the ground.
Lets say what ever they put in a news release on the the total barrels
in the ground lets do some math.
These # 's are based on barrels in the ground
not pumping up a hole(up the hole is $45 canadian boe)
10 mill boe x$15=$150 mill div 65 mill shares =$ 2.30+ asset value
50 mill boe x$15=$750 mill div 65 mill shares =$11.55+ asset value
100 mill boe x$15= 1.5 Bill div 65 mill shares =$23.07+ asset value
200 mill boe x$15= 3.0 Bill div 65 mill shares =$46.15+ asset value