re: Ann: MOLOPO ANNOUNCES 2013 CAPITAL BUDGET...
Hi Jim, I think you will need to check your maths. It would be great if it was that easy.Make 27 million a year and sit back and count the cash. From what I gathered from the webcast presentation, they expect to make about 20$ a boe. 700 boepd means total revenue of 5 million for the year. Then they expect their G&a around 7 million for the year conservatively.So if all goes to plan at years end we will have less than 50 million cash. The 64 million $ question is , how much is their wolfcamp worth? They bought Fiesta for around $300 a acre.Lets say, they get $1000 a acre plus maybe 10 million for the wells that are drilled.Thats about 33 million less tax.Can you see them getting more than that? Barnhart, perhaps they can sell for 20 million less tax . By my figures and I hope you can prove me wrong, at best we could see 90 million max for us shareholders. Not much more than the current mc. Cheers
MPO Price at posting:
32.0¢ Sentiment: None Disclosure: Held
