Sylios Corp. (fka UNGS)

[stervc]

snowcat9, even from your conservative perspective...

Hopefully these thoughts help. Even if such is to be interpreted as you have stated, we can use the Substitution Property to simply replace within the formulas within the post below by inserting $3,6000,000 in Revenues from only the 49 oil wells in production as you have stated and not considering any of the gas wells. Observe... :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72616256

We will also consider this valuation from the variables below as remaining as indicated below:

** Outstanding Shares (OS) = 423,216,879 shares per company website:
http://www.usnatgascorp.com/stock_information.html

Per Yahoo link below:
** Net Profit Margin for the Oil & Gas Drilling & Exploration Industry = 13.6%
** Price to Earnings (P/E) Ratio for the Oil & Gas Drilling & Exploration Industry = 13.4
http://biz.yahoo.com/p/123conameu.html

$3,600,000 x .136 Net Profit Margin = $489,600 Net Profit/Income

Now we must derive an Earnings Per Share (EPS) for UNGS to determine where it could fundamentally trade after being multiplied by its P/E Ratio for the Oil & Gas Drilling & Exploration Industry in which it would exist within.

EPS = Net Income/Profit ÷ Outstanding Shares (OS)
EPS = $489,600 ÷ 423,216,879 (OS)
EPS = .00115

Again, as indicated above, the P/E Ratio for the Oil & Gas Drilling & Exploration Industry = 13.4 which is what we can logically use as the multiple to derive where UNGS should fundamentally trade based on the data above of which originated from your thoughts posted:

EPS x P/E Ratio = Price Per Share Valuation
.00115 x 13.4 = Price Per Share Valuation
.0154 = Price Per Share Valuation

This means that given the logic you are considering with just 49 wells in production and producing only 2 BOD per well, it would be fair to conservatively expect UNGS to trade and/or be valued at .0154 per share from only 49 of their oil wells (not including any gas wells) that are in production, conservatively speaking.

v/r
Sterling