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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco) -- Ignore unavailable to you. Want to Upgrade?

To: MUDMAN who wrote (103)	11/14/1997 6:43:00 PM
From: Bill Shugarue	Respond to of 270

MUDMAN:... To get the Net Asset Value you take the amount of oil and multiply that number by 5. You then take that number and divide by the number of shares outstanding. In the PSO case it is 25,000,000 x 5 = 125,000,000 divided by 33,000,000 = 3.78 Remember, this is assuming that they find 50 million barrels. Since PSO owns 50% of the well, you use the figure of 25 million barrels. You can use the same calculations to get an estimate of the partners Net Asset Value. The current NAV is a very difficult figure to pinpoint at any given moment. You almost have to contact a company to get the current information.