Post by
Dragoon on Feb 25, 2022 3:15pm
My Minimum Valuation
My minimum valuation for EW with NZ and Balance Sheet. Romania is a free gift. I used historic data but the new financials will give an update on the numbers as NZ assets were not in production for some time.
https://cdn-ceo-ca.s3.amazonaws.com/1h1iccj-Minimum%20valuation%20EW%20with%20NZ%20and%20cash.png
Comment by
Dragoon on Feb 26, 2022 7:03am
I estimated EW cost too low but at least there is going to be a workover to increase production (Cheal E-6 went offline) and now the oil prices are better. In the past production was much higher so hopefully they can solve that issue. But the real deal will be Romania with NIS so fingers crossed. I think I made a decent summary in my Q3 post.