lightbeam, here is a post from IV by smittyfrmpa:
I own both companies, but thought it might be useful to compare where I think both are going to be, in about 18 months. With PMG due to have a 140,000 barrel per day water handling capacity online sometime in Sept. if we assume, in 18 months, a 55% water cut (net average), Corcel, by itself, should be producing 60-63,000 BOD, and a 70,000 BOD (net for Colombia) print seems quite reasonable, by mid Sept, 2010. I think GTE will get to the 35,000 BOD level by then. Assuming 260 million FDS for GTE, and 100 million FDS for PMG, in Sept, 2010, we get .0007 flowing barrel per day per share for PMG, while we get .00013 flowing barrels per share/day for GTE. If we extend these numbers, .0007 X $50/barrell yields $.035/share per day for PMG, while .00013 X $50/barrel yields $.0065/share per day for GTE, with PMG 5.38 times higher. Even now, PMG has about double the flowing barrels of GTE, and if we assume that PMG should, on a strictly flowing barrel per share basis, have a market cap 5.38 times higher than GTE (at present it's about 1.275), taking GTE's close today of $2.61, PMG should be just north of US $35/share, right now. Yes, I know, GTE has a slight advantage in terms of overall API, and the potential of Peru for DC is tremendous, but it's only potential. FWIW
