I made some major errors cutting and pasting, anyway here is the paste from my spreadsheet
Column "A" Column "B" Column "C"
Reserves of gas/oil
Total est'd reserves 1 1,000,000,000,000
Production per day mmcf 300 300,000,000
Production per year mmcf 300 90,000,000,000
Life of reservoir (years) 11
Royalties off = % net to jv 75 %
Net Value to JV after royalty payout $375,000,000
Net daily production after royalty mmcf 225,000,000
Net yearly production after royalty mmcf 67,500,000,000
Earning per year/day after royalties
Value of reservoir per TCF in ground $0.50 $375,000,000
Years of production 11
TTL $ per year per MCF value of Wholesale $2.00 $135,000,000
TTL $ per day per MCF value of $2.00 $450,000
Company Value
Value in ground per yr. $0.50 $33,750,000
Number of years to Value Reserve 7 $236,250,000
Stock Value Shares Issued
Solana 25% $59,062,500 $3.57 16,546,964
Investor 25% $59,062,500
Tether 18.75% $44,296,875
NEC 12.50% $29,531,250 $2.49 11,860,429
NIK 6.25% $14,765,625 $6.44 2,291,613
VPR 6.25% $14,765,625 $0.51 28,867,355
BCP 6.25% $14,765,625 $1.67 8,826,409
100% $236,250,000
Further dilution of stock will be required for the JV partners, if a 10 million dollar well is to be drilled Private Placements
Will be required based on percentages owned, if half the estimated stock value above is realized based on the success of BKP/CC
Further discounts of 10 to 50% may be required, plus warrants to fund the drilling program by the JV's
Example NEC owns 15.20 % stock value based on the success of BKP/CC is (2.49/2) discounted an additional 25% is .93 cents.
A share value is then found on which to raise 1.25 million dollars (1,250,000/93) another 1.3 million shares are added to the pot
The new Issued share quantity is then (11,860,429 + 1,338,743 = 13,199,172) plus any warrants
NEC 12.50% $29,531,250 $2.24 13,199,172 |
