Post by
graffle on Aug 12, 2013 3:31pm
Looks like this is finally getting off the ground.
The Probable plus Possible reserves on the half square mile (out of the total of 68
square miles of Deep Well's lands) chosen for this winter's (2013-2014) pilot project will yield an undiscounted future net revenue of Cdn $245,562,000 (two hundred and forty-five million five hundred and sixty-two thousand Canadian dollars). D&M arrived at this forecast by subtracting, from gross revenue, capital costs, operating expenses and Provincial royalties, but not after taxes or other potential royalties.
The Contingent resources in most of the other parts of the rest of the 68 sq. mi. reservoir will yield an undiscounted future net revenue of Cdn $8,627,000,000 (Eight billion, six hundred and twenty seven million Canadian dollars) - using $65 per barrel as the base point.
No matter how you slice it, this is a company that should see hundreds of millions in valuations which is a big improvement on its $70 million market cap right now. Soooo..... $100 per share in the next 5 years?
Anyway, lots of fun the past few days now that the second largest oil company in France is a committed investor.
Comment by
stockwrestler on Aug 22, 2013 8:57pm
Sonoro Energy (SNV) looks to be starting a move up; it may be that their oil licence in Iraq is going to be validated. glta