Petrel Resources - moderated discussion/research part II

Estimate posted a while ago by a poster on FYB:

surf- 04-May-06 at 16:01 | IP Logged


further calculation for the definition of PET's value
with consideration e.g. an S&L - PSAgreement:

optimum oil output: 3 billion let's say 100.000.000 barrel per annum;

price per barrel let's say 65 USD; PET's share re the psa let's say 30 % (or 40%);

Production cost 1 USD/barrel; PET shares in issue about 60 million;

calculation: 100 million x 65 USD = 6500 million USD minus 100 million prod.cost:
= 6400 million USD

x 30% (40%) = 1920 million USD (2560).

1920 (2560) million USD : 60 million shares = 32 USD or 26,6 EURO or 18,4
POUNDS / share (respectively 42,7 USD or 35,6 EURO or 24,6 POUNDS /share).