Valuing AOW

For those who like to crunch numbers.

The below table summarises 1 year forward valuation multiples in the E&P space (for the years 2000 to 2015 period). Source is from FactSet.

	Forward Multiples	Low	Median	High
1	EV/Sales	2.4x	2.9x	3.3x
2	EV/EBITDA	2.6x	4.8x	7.8x
3	P/B	0.9x	1.6x	2.5x

Using the table as a guide, we'll be on the low end when crunching the numbers with existing assets, workovers and also post foothills acquisition.

Lot of fat with this puppy.

Cheers

BodoDell