MediaTechnics Corp (MEDT)

[Bramabill]

I decided to crunch the numbers of the recent PR on MEDT and drawing a comparison

" We estimate that this transaction may add as much as, or possibly more than, $9,000,000 to MEDT’s Stockholders Equity, with a substantial increase in book value per share.."

Forward has contracts to sell all of the oil they produce at the wellhead, at a discount to NYMEX of approximately $15.00 per barrel. NYMEX oil futures were trading just above $82 per barrel as of April 19, 2010

Doing the math
82 (NYMEX)-15 (discount) = 67 per Barrel x (200,000 barrels proved under developed reserves) = 13,400,000 dollars total oil sales from current reserves for MEDT/Forward Energy

So Ari says this is equal to 9 million to MEDT's stock holder equity? or 67% of gross sales of 200,000 barrels of oil sold at 67 dollars?

Im going to draw an example;

Exxon Mobil:
110,569,000 stock holders equity

At year-end 2009, ExxonMobil's proved reserves base, utilizing the corporation’s definition of year-end reserves, increased to 23.3 billion oil-equivalent barrels, split approximately evenly between liquids and gas (51 percent liquids, 49 percent gas).

Doing the math
23,000,000,000 Barrels of XOM proved reserves x 67 (NYMEX) = 1,541,000,000,000 x .67 (Forward Energy MEDT Equity formula) = 1,031,800,000,000

So using Ari's Math, Exxon equity would be worth over 1 trillion dollars, or close to 10X current valuation which would make Exxon Mobil worth over 680 dollars per share from the current 68 lol. IMHO

Brama