Atikwa Resources Inc. V.ATK

Real Worth

[jake5555]

With three new wells being fraced and estimated production going on line before year end. What is this company really worth. I know there are a few people who read this board who know a lot more than they let on. My question is what would a company like Crescent Point pay for this?

[funkshow33]

$100, 000 per flowing barrel.  so right now we are at 150 bpd x 100000 / 250 shares out... therefore we are at 6 cents.   If we get to 500 bpd we could see 20 cents.

[jenst11]

Right now we are at 225 boe/d (according to ATKs investor presentation sept.2011)A roncott update would be nice

[DrillinisThrillin]

If we get average production from the 3 wells about to (or currently) being fracked and the same for the two additional wells to be drilled in Manitoba before year-end.........based on the percentages own by ATk - the company should be close to 500 boe/d flowing from that project. Roncott has a vertical or 2 but it yields little production. There is a lot that goes into valuing an asset for sale.

[funkshow33]

It's only worth what someone is willing to pay for it and as far as I know, no one has offered anything.  Hopefully we get some numbers next week and then maybe we can get the show on the road.  Jeff when you say 225 bpd is that net?

[jenst11]

yes 225 boe/d net.