Updated speculative valuations reduced based on the considerable dilution:
Output bpd $/bbl $/day Op Days $/year OS $/Share Price Proj PS
20tpd 109 109.8 11968.2 273.75 3276294.75 85,677,216 0.038239977 1.31 34.25734298
40tpd 218 109.8 23936.4 273.75 6552589.5 85,677,216 0.076479954 1.31 17.12867149
60tpd 327 109.8 35904.6 273.75 9828884.25 85,677,216 0.11471993 1.15 10.02441334
80tpd 436 109.8 47872.8 273.75 13105179 85,677,216 0.152959907 1.53 10.00262114
120tpd 654 109.8 71809.2 273.75 19657768.5 85,677,216 0.229439861 2.3 10.02441334
23% Net Net OS $/Share Price Proj PE
20tpd 753547.7925 85,677,216 0.008795195 1.04 118.246388
40tpd 1507095.585 85,677,216 0.017590389 1.04 59.12319399
60tpd 2260643.378 85,677,216 0.026385584 0.97 36.76249883
80tpd 3014191.17 85,677,216 0.035180779 1.29 36.66775012
120tpd 4521286.755 85,677,216 0.052771168 1.93 36.57300141