Strat Petroleum Ltd (SPRL)

[joenatural]

as stated in the oct press release, and verified with this last pr, early jan, they will be producing 1,000 barrels of oil a day, @ $40/barrel is like $40,000/day, if you use IHDR'S ( POSTER) FORMULA calculation,

Assuming that production capacity (as stated by SPRL) of 175 barrels of crude per hour (24/7) is reached and the JV is 50/50 (what I was told by SPRL's CEO), we can deduce (figured conservatively at $40 a barrel) that 175 X 24 = 4,200 barrels each day X $40 per barrel = $168,000 dollars each day, divided by 2 (50/50 JV) = $84,000 dollars per day for SPRL. Figuring margins of 70% instead of the possible 80%, we arrive at $58,800 each day. For the year, this = $20,697,600 dollars, divided by 170 million O/S = .12 EPS and a conservative P/E of 10 = $1.20 PPS


we will be producing 1000 barrel/day, early jan, not 4200/day, so in jan, the pps would be 1/4 of the $1.20 pps , and that calculates @ 1000 barrels / day to .30 pps.

To come up with .30pps in early jan, you are going to have to assume ihdr's calculations are right and that sam does what he says he will do.