InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,195.29
(
0.28%
)
US TECH 100
17,662.40
(
0.30%
)
Dow Jones
38,931.26
(
0.20%
)
Brent Oil
82.91
(
-0.68%
)
Bitcoin
63,734.83
(
0.90%
)
Post# of 136
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

geopressure

Send PM Follow Ignore
Followers 70
Posts 6719
Boards Moderated 0
Alias Born 11/04/2010

geopressure

Re: None

Tuesday, 09/18/2012 6:11:52 PM

Tuesday, September 18, 2012 6:11:52 PM

Post# of 136
FLKOF's current Market Cap is ~$380MM. If you subtract the company's $200MM in cash (this figure is estimated cash after drilling the 'Scotia' prospect in a week or two, then you get $180MM

This suggest that the Market values FLKOF's reserves at being worth $180MM...

FLKOF is estimated to have 80 Billion BOE of recoverable reserves. 35% of these reserves are Noble's, leaving FLKOF with 52 Billion BOE.

This means that the market has assigned a value of $0.00346 per barrel to FLKOF's reserves...
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up