I could be COMPLETELY wrong , but I don't think the "deepwater shelf assets" at auction have ANYTHING to do with the Clipper or other producing wells OR the platforms (valuable) with them......I take the auction assets to be un-drilled blocks of lease they have spent a few hundred million on , and as others have posted are in some areas near some very nice new discoveries.....Take these comments for what they are worth but from my following of this company for several years, this is my opinion....IF and i say IF, the current auction contained the new well that is RIGHT ON projected production target of 8,000 bbls per day + gas, and another like it coming on in weeks, what would someone PAY for that PROVEN revenue stream...?
Simple calculation.....8,000 x $90 average = $720,000 per DAY....PLUS gas 5mm @ $4 = $20,000 per DAY....and then add 50% for other well coming.....In SIMPLE terms you have revenue of $35 million per MONTH.....IMHO IF this is part of the auction along with non drilled blocks, the bidding here will start at a couple billion....simple math....4 x $420 million rev stream, PLUS lots of un drilled blocks.....????
Just my opinion but this along with hope of BP money keeps me in this lottery....I TRULY believe no judge or court will kill this now with the revenue flowing and the company with new reigns that have been put on, cashflowing positively after next well comes on......
Good Luck to all....I am long and biased..... |
