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BottomBounce

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BottomBounce

Re: waterchaser post# 59

Monday, 07/08/2013 4:02:13 AM

Monday, July 08, 2013 4:02:13 AM

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EOX Emerald Oil has acreage positions in the Heath Shale and the Sandwash Niobrara, but its main asset is 48,100 net acres in the Bakken. Emerald also exited the second quarter with 938 Boepd in production from the Bakken. Recent transactions in the Bakken have valued a flowing barrel of oil at $60,000. To be conservative, this analysis will use $50,000 as the value of a daily flowing barrel of Bakken oil equivalents. When Emerald's production is netted out with a valuation of $47 million, Emerald has a remaining enterprise value of $83 million. Emerald's Bakken acreage is being valued by the stock market at $1,725 per net acre after netting out production.

I'm not a financial advisor. All of my posts are for entertainment purposes only and based on my opinion. Advice: Do your own DD and always only invest money you can afford to lose. GLTA

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