Centurion Energy Intl Inc Message Board

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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: kmax who wrote (211)	9/7/2000 3:14:57 AM
From: hankaaron	Read Replies (2) of 350

As I posted on SH - response/comments on money moving out of techs and into oil. I think you're right, the O&G index as whole is increasing and we will be following the trend in the US (as we always do)where O&G companies are trading at 8 times cashflow. CUX trading at 4 times cash flow yields a price of $1.20. If there is a hit it could be substantially more. As Al Manzah drilling/testing was announced last Friday I would have to believe that the current appreciation is based on news at Al Manzah, which I think must be positive. Some numbers to consider...a well at 4,000 gross yields 1,500 bopd to CUX and at netbacks of $30 bucks is 1.35 million per month (16.2 million per year) and is good for approx. $0.24 cash flow fully diluted. Just on this number and a 4 times multiple the stock should gain about $1.00. It would sure be great to see the actual value of the company reflected in the stock price. Now lets hope for some good news on Al manzah and continued interest in the oil and gas sector.

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