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No matter how good the deal is management will make sure it is...

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cheekyjcer

327 Posts.

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24/05/17

11:34

Post #: 24879225
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Originally posted by Joelsmith2452 ↑

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.

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No matter how good the deal is management will make sure it is for their own benefit. Nothing for shareholders. Share price confirms that.

TSV Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

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