Replies to post #3460 on Gulf United Energy (fka GLFE)

[John_Langston]

ABOUT BPZ ENERGY

BPZ Energy is an independent oil and gas exploration and production company with license contracts covering approximately 1.9 million net acres in four properties in northwest Peru. In offshore Block Z-1, The Company holds a 51% working interest and Pacific Rubiales Energy Corp. holds a 49% working interest. Current activity at Block Z-1 includes the development of the Corvina oil discovery, as well as the redevelopment of the Albacora field. In addition, the Company is pursuing the exploration of onshore Blocks XIX, XXII and XXIII, in parallel with the execution of an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and the development of a regional gas marketing strategy. The Company also owns a non-operating net profits interest in a producing property in southwest Ecuador. BPZ Energy trades as BPZ Resources, Inc. under ticker symbol BPZ on the New York Stock Exchange and the Bolsa de Valores in Peru. Please visit the Company's website at www.bpzenergy.com for more information.


GLFE is drilling Z46 and Block XXIV

[OhManIDied]

I did some quick calculations to compare BPZ and GLFE.

BPZ has about 117 mill O/S, ~221.5market cap, @ $1.88/share

Assuming GLFE is still around 1.6 billion O/S:

GLFE has 13.7 times more O/S shares and the price target if we start pumping oil should be somewhere in the ballpark of 0.137/share - or - around 22.5 times higher than the ASK wall at 0.0061.


If GLFE has 1.9bill O/S: (as someone else here postulated long ago)

16.2 times more O/S, price target of around 0.116/share - or - 19 times the price of ASK wall @ 0.0061


That's a nice risk:reward if you ask me, especially as it is inevitable that GLFE finds success if they keep at it.

They are certainly making the right moves in the right places.

GLFE