$$ Matrixx Res. Unglaubliche Resourcen? $$
gianni
I have bought in and I am know officiially a shareholder of MXXR again.
From what I see and the take on the value of the stock I fast track calculation says this is officially worth .0283 cents not taking into value the other properties, or three times book value.
SP if you can put the calculations together for two wells that would be great, That is what seems to be flowing.
Some serious work has been going on here since my last visit.
Kraigger23
More in minutes talking to the gas company for true values.
If both wells are producing the same amount and have the same pressure we are looking at about $10,500.00 per week in revenues, or about 2X's the amount of value for the one well, so that means total revenues from these two wells would be about:
1 BCFG = about $2,975,000.00 (42.5%) to MXXR in revenues over the life of the well. The first well.
And if the second well as reported by Kraigger23 is the same then we double this figure to; $5,950,000.00 in total revenues over the life of the two wells.
This gives a book value on 220 million shares of where Kraigger pegged it at, $0.027, mine is just a little lower. Then use 3X's that for the PPS.
Viele Grüsse
Fritz
Currently about 220,000,000 OS
Oil Price $55.00 a barrel
Cloverlly:
PUD (Proven Undeveloped)
250k - 500k barrels, average 375k
375,000 barrels = $20,625,000.00
Projected oil on site, 10 to 11 million more barrels.
Average = 10,500,000 barrels = $577,500,000.00
Projected gas find = $35,000,000.00
MXXR's cut after all takeouts equals $31,656,250.00 which gives a book value of $0.1439 without using the triple multiple for the industry.
Manville:
PR'ed in eary November as starting to drill in mid November of 2006.
Projected oil 1,000,000 barrels equals $55,000,000.00
MXXR's cut after all takeouts is 10 percent or $18,562,500.00.
This adds about $0.0844 cents to the book value.
Sandy Point:
Gas find equals $2,800,000.00, and the oil is pegged at 225,000 barrels valued at $12,375,000.00.
MXXR's take after all payouts equals about $1,517,500.00 and adds another $0.069 to the book value.
Last but not least is Sandy Point:
The number one well which needs to be repaired is reported to contain 3 BCF of gas. Which is valued at about $21,000,000.00.
MXXR's cut on this well after all takeouts is about $6,693,750.00 and adds $0.0304 to the book value.
Wells 2 & 3, which number 2 has been PR'ed and number 3 was reported as seen by Kraigger23, if both are flowing the same amount of gas then we have MXXR's cut at about $4,000,000.00. And adds $0.0182 to the book value.
They are supposed to drill a total of 6 wells, so if we consider that the next 3 will flow at least the same as 2 & 3 we have an additional $6,000,000.00 in revenues for MXXR. And adds $0.0273 to the book value.
All this adds up to a book value of about $0.3110, and a industry multiple of (times 3 ) = $0.9331 a share, all of course based on these prospects paying out. Of course some may not and some may. And the ones that pay out could in fact be larger or smaller then expected.
Do your own DD and decide, anyone have any comments please fell free.
SP~here
Hätte nichts dagegen wenns auch nur 50% der $0.9331 werden würden....
freue mich schon auf die eröffnung in der USA!!
SP, per a phone conversation with Texhoma they said PR will be "substantial in nature"
Looking forward to Wed.
Is halt nur doof wenn man trotzdem noch kein (grünes) Land sieht
das management ist aber schon eher lahm...