Zion Oil & Gas Inc (ZNOG): Jl1, I'm trying to follow the math o...

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Re: Jackleg1 post# 17603

Sunday, 06/10/2018 5:18:40 PM

Sunday, June 10, 2018 5:18:40 PM

Jl1, I'm trying to follow the math on the Andarka pet. example. Please correct any errors you see.

At a $30 billion market cap with 1.7 billion barrel reserve, I calculate a per barrel net of $18/BBL. Which is actually fairly close to Tisdale's $20/BBL netback.

I don't see a P\E.

Also, in your experience, does a Price-to-forward Earnings ratio ever come into play when determining a stock price for an Oil company?

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