Here's my best guess on valuatiuons, including WML and PYRX:
HTP would be valued at:
((4,000,000,000,000/1000) X 0.105)/29,000,000 = $14.48.
KOB would be valued at:
((4,000,000,000,000/1000) X 0.044)/20,500,000 = $8.59.
WML would be valued at:
((4,000,000,000,000/1000) X 0.108)/21,750,000 = $19.86.
PYRX would be valued at:
((4,000,000,000,000/1000) X 0.0925)/17,800,000 = $20.79 CDN.
Assume KOB is at $1.10, then based on ELH alone, the other three should be worth:
KOB - $1.10
HTP - $1.91
WML - $2.61
PYRX- $2.73 CDN ($1.86 USD)
HTP obviously has added value, based on it's cash on hand and larger land holding.
WML has 5000 boepd current gas production and a lot of other assets to consider, as well as cash on hand.
PYR has a much larger land holding and cash on hand.
People must do their own due diligence, when considering which is the better buy at the moment. It isn't fair to include WML in this highly simplified comparison, because they have real production right now. As well, Hilton has a small daily production.
This all probably serves to confuse, rather than enlighten.
I think that the JV partners are all tracking fairly closely in terms of value.
Ultimately, it won't matter who you have bought into.
When this project really takes off, you will make a profit. |
