InvestorsHub Logo
Followers 13
Posts 636
Boards Moderated 0
Alias Born 08/09/2013

Re: peter forrest post# 2369

Tuesday, 01/03/2017 1:47:43 PM

Tuesday, January 03, 2017 1:47:43 PM

Post# of 2604
Well...if you do the math...17.5 cents a share currently hits the nail on the head for what this company is worth right now. 5.42 million market cap divided by 31 million outstanding shares is .1748. If/when they start drilling and get going again...it will shoot up fast. Hypothetically,let's say their seismic data is right on and they drill 5 holes at a cost of one million dollars a hole. If data is good, oil stays around 50 bucks a barrel...and the average hole produces 200 barrels a day for a total of 1000 barrels from 5 holes a day...times 50 bucks a barrel is 50,000 bucks a day and 18.2 million dollars a year. Of course...that's just an example if all the cards fell right.

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.