Post by
nozzpack on Feb 22, 2022 11:02am
Scoping Estimate of Staniske
Very simple method.
2017 NPV10 of the 2000 acre RK field after tax = $5.22 million US at $5.70 US gas price per MMcf.
So, that values each acre of RK at $2610 US per acre.
Staniskve has 21000 acres.
So, rough scoping of Stanskve is $2610 X 21,000 = $55 million US.
Too high as development expenses not included.
With 10 wells already drilled and one well ready to produce, development costs wont be all that much.
Wells are very cheap and pipeline infrascture is available.
And gas price is now multiples of $5.70.
So, Staniskve is an attractive gas producing asset that has no value assigned to it