Zion Oil & Gas Inc (ZNOG): At $75/barrel, the net earnings per barr...

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Re: WebSlinger post# 41379

Wednesday, 06/30/2021 7:39:05 AM

Wednesday, June 30, 2021 7:39:05 AM

At $75/barrel, the net earnings per barrel after taxes, royalties and operational costs would be $25.54. @ 30,000 bpd running at 6 days per week I get 10,000,000 barrels. So annual net income would be $255,400,000. Divided by 240,000,000 shares outstanding you get $1.06/share. If Zion gets the 20X multiple, you get around $21/share IMHO

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