billion pounds or multi billion company?1 Jan 2023 14:48
Welcome to 2023, fellow coplers
I would assume the potential jv partner has given genuine credence to the rs report. that is why they carried out dd and that is why they are still here after 3 months
Therefore, i will also have to give credence to what Art said after the FED DEEP discovery.
"The acreage is 50 square miles. We can drill 3 wells per square mile producing 1000-3000 bopd"
Lets say only 75 wells are drilled
Lets say we only have a 50:50 split with out JV Partner
Lets say we only have wti at 80$
Lets say we only produce 1500bopd from each well
Lets say net back of 40%
Lets ignore the other 60% of acreage
Lets ignore Cole creek and BFU Production
75 wells x 1500bopd x80$ x 360days = $3.24 billions turnover
50:50 split 3.24/2 = 1.62billions
net back 40% = 0.648 billione
Lets give copl a p/e ratio of 10( remember copl is a growth company, Exxon has a forward pe of 7.9 and not a growth company)
0.648 x 10 = $6.48 billions
This is assuming CAPEX is carried by the JV PARTNER