InvestorsHub Logo
Followers 2
Posts 55
Boards Moderated 0
Alias Born 09/15/2019

Re: None

Sunday, 12/29/2019 2:12:43 PM

Sunday, December 29, 2019 2:12:43 PM

Post# of 12569
Some fun math before I go into work. At 116 million "proven" barrels in the fields, and an average price per barrel of $62.00. Hypothetically that is $7,192,000,000 in estimated revenues over the life of the fields, according to Forbes the largest oil companies averaged a profit margin of 6.5% from '06-'10. So assume a smaller profit margin for a smaller outfit at 4%. By my estimate at 4% of the estimated revenues we're looking at $287,680,000 in net profits during the life of the reserves. Again this is all based on estimates and what information is available. However this is the type of speculation we can expect that will drive in the money. I do feel that my above estimate is fairly conservative.

I'm only sharing my opinion and ideas, my posts are NOT investment advice. I'm not a professional, but I think I'm pretty smart. Do not trade or make decisions based on what I post. I'm not responsible for what you do with your money, money can be lost