Petrel Resources - moderated discussion/research part II
daw2 - Fri, 22 Dec 06 :
Lots of talk about PET exploding but has anyone made any estimations in terms of value behind PET bagging 1 psa, 2psa etc. If so are you willing to share with me and others
- how big are the potential psa fields and their potential daily output?
- if granted a psa what cut do you think PET might achieve ($/barrel)?
- how long do you think it will be before fields are up and running and revenue forthcoming (within 2 years or nearer to 4/5)?
I invested exactly 2 yrs ago based on the Fleet Street report and have followed intermittently since but my crude assumptions have really prevented me from selling just because of the potentially massive upside. For PET taking 5% on a 100k barrel/day field gives revenue of $91m/yr vs current mkt cap of 30m'ish. p/e ratio of 20 and you are talking sp of £30 just for 5% cut on a 100k / day field. Not sure how realistic the outputs and timescales I have used are but it would be good to get some comment.
Obviosuly before all this is the likelihood of gaining a psa but once granted what then?
