Atikwa Resources Inc. V.ATK

Valuation Calucation for ATK

[a4shah]

According to the news release:

The Company sold approximately 1550 cubic meters (335bopd) of Manitoba light oil in February, which translates into a monthly cash flow net to Atikwa of approximately $900,000. President Sean Kehoe stated: "We are finally starting to enjoy the benefits of our labour. We have had a significant engineered value for some time now, so it is good to see our flowing barrel metric more in line with that number. I am also very encouraged by recent industry transactions we are seeing in relation to the sale of Manitoba light oil assets that support a flowing barrel metric of over $100,000."

 

This means that ATK should be currently valued at $33.5M/287M Shares = 11.7 cents i.e. over 100% higher than yesterday's close.

If they can get the production up to 600 bopd, then we'd be looking at 21 cents -> a quadruple!!!

[DrillinisThrillin]

So, following up on your valuation calculation and the Company;s information...... $100,000 per flowing barrel --- It would appear that - if the 8th well eventually turns out to be a producer in the estimated amounts --- they will be close to the stated estimates of 400 boe/d.   This would bring the value to just under 14 cents per share.  It would also not include any value for the