Scimitar Hydrocarbons, SIY:ASE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Walter N. Schreiner who started this subject	8/2/2000 1:38:10 AM
From: Blaumax	Read Replies (1) of 864

Talked to IR today. Looks like we're holding close to the 2000 BOPD level. That's even with certain wells being shut down for re-works/maintainance and such. I did a comparison of our average production/share price from March 1999 vs today. March 1999 411.80 BOPD/$0.185 August 1, 2000 1900 BOPD/$0.58 SIY's average production has gone up 361% SIY's share price has gone up 214% I also did a cash flow projection based on our current BOPD. SIY is based off a $6.00 discount to Brent pricing Today's Brent was $27.14USD - $6.00USD = $21.14USD SIY keeps 75% $21.14USD x 75% = $15.86USD $15.86USD x 1.49 (todays rate) = $23.63CDN $23.63CDN x 1900BOPD (last press release) = $44,897.00 $44,897.00 x 365 = $16,387,405.00 $16,387,405.00 / 38,983,142 (shares) = $.42/share cash flow $.42 x 6 (average multiple) = $2.52 cash flow evaluation. J., this looks to be in line from one of your previous posts regarding an analyst's view of where SIY's share price should be. Should be an interesting month ahead of us. Hopefully, we'll start to see some interest pick up as we near the initiation of the Thermal project and Q2 results are released.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next