-
Share
917 Posts.
36
24/05/17
09:23
Share
Going off Point Loma's Recent corporate presentation, they are forecasting a netback of $14/BOE based on an oil price of $50USD/BARREL.
http://www.pointloma.ca/wp-content/uploads/2017/05/Point-Loma-May-6-2017.pdf
By my rough calcs that means if production remains at its current levels (900 boepd) TSV will receive ~$920,000/year.
The report also says that they expect to double production in the next year to 1800 boepd. This would mean an income of ~$1,840,000 per year to TSV.
If all goes to plan this deal is looking pretty damn good to me.
-