From a few days later... Guestimating the production and profitability of the Gidin Property in Alberta.
RandyKCMO ? Wednesday, 04/26/17 03:05:49 PMRe: FOODINI post# 563?0Post # of 1883
In trying to establish or ascribe a relative value of the recent acquisitions, I put together the following table: Shows up better in IBOX.
Fortem Resources (Ticker: FRTM)
Starting asset 8 sections (5,120 acres) Viking play in Compeer Central Alberta unknown 32,000,000 sharesoutstanding
April 11, 2017
20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta PAID: 21 Million shares valued at $2.00 Per Share (+3 mil more)
TOTAL VALUE: $44,000,000
TOTALS AFTER DEAL: 53 Million shares outstanding $44M/53M
VALUE PER SHARE: $.83
Apr 17, 2017
165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah PAID: 20 Million Shares valued at $2.00 per share Plus $2.4 Cash
TOTAL VALUE: $42,400,000
TOTALS AFTER DEAL: 73 Million shares outstanding $86.4M/73M
VALUE PER SHARE: $1.18
Apr 21, 2017
Interest in 101,888 Acres of Oil and Gas Leases in the Mancos Formation, PAID: 20 Million shares valued at $2.00 per share Plus $2.15 Mil Cash TOTAL VALUE: $42,150,000
TOTALS AFTER DEAL: 93 Million shares outstanding 128.5M/93M
VALUE PER SHARE: $1.38
The assets being purchased by Fortem Resources are being purchased because they believe their developed value will be a multiple of what they are paying for them.
For instance, just the Northern Alberta property... if their projections are correct and its production is anywhere near Brintnell Project that is currently producing 50,000 Bopd... just do the math. Even at 1/2 that production that would be:
25,000 bopd x $50 per barrel x 365 day ='s $456,250,000,000 total revenue per year.
I'm not sure how much of that becomes profits, but even if 1/2 does $250 Million divided by 93 million shares is an annual profit of $2.68 per share. A PE ratio of 10 would value FRTM at $26.80 per share.
AND THAT'S JUST ONE OF THESE ACQUISITIONS!!
Watch for opportunities with those you trust.
