God, I love this board. It allows me to be what I am, a compulsive number cruncher.
Please note;
1. PR from 10/15/07 states the production is 1995 barrels of oil per month (or equivalent).
2. PR from 11/13/07 states that upon completion of G-4-15, G-4-16, G-4-17, and G-4-18 wells a conservative increases in production of 90 bopd and 120mcfpd.
3. Blackoak posts #11264 and #12025 on 11/03/07 and 12/05/07 sets prices for the gas and oil being sold. Oil equals an average of $75.53 and gas equals an average of $6.53 pmcf.
4. At these numbers monthly production will be 3012 barrels of oil per month (or equivalent) plus the base production of 1995 barrels, or 4987 barrels per month times 12 months or $4,482,485.00 annual gross revenue plus Rex Horning Well Service.
5. At a .3303 (net income percentage per financials posted for YTD 04/30/07) there is a $1,482,485.00 net income plus RHWS.
6. With 65,798,240 outstanding shares (verified by Joe Natural in 05/07), we have an annual .023 earnings per share.
7. These number do not include the additional wells the company has filed their NOIs on (as I understand there are now 14)
8. As we all know, Larry always post conservative numbers.
9. This does not include the increased production from the daily reworking of existing gas and oil wells.
There are more qualified posters than I to determine the price per share based on these production numbers. I have read that $.023 should be multiplied be 10, 15, and 20, based on growth. This company has grown 32% from May to October and then doubled from October to the G-4-16 well beginning production.
Can any of you experienced investors help out those of us who are not knowledgeable about hoe to determine what the pps should be.
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