( Updated and corected 03/30 9:00pm )
Final Calculation of PT Estimation
Hope All 88E StockTwits Family agree with this possible PT.
The both 88 Energy and MDM Permian Inc. have different financial figures and drilling process but I think it’s reasonable to guessing PT from comparing their outstanding shares and prospective Barrel of Oil.
*Consider Merlin - 1 Project only. 88Energy found 5.5 Billion barrels of mean unrisked net entitlement prospective oil resources.
EEENF(US Stock market)
12.52 B Outstanding Shares
640 M Barrel of Oil
MDMP(US Stock market)
286.5 M Outstanding SharesS
540K Barrel of Oil
12.52B / 286.5M = 43.69 OILs
640 M / 540K = 1185. OS
1185 / 43.69 = 27.12 times higher PT for EEENF than MDMP.
MDMP hyped, three weeks ago, to $0.90
The current SP is $0.151
Divide by 2.
50 % was farmed - out to APDC (Alaska Peregrine Development Company LLC)
$0.90 x 27.12 = $24.40 / 2 = $12.20
$0.151 x 27.12 = $4.12 / 2 = $ 2.06
Decided to pick 88E as my April entry thinking it still might have a few legs in it. Came into the thread here and noticed you all talking about it!
I guess you figure it's done it's run.
Anyway, all I was going to say has basically been said above, hopefully the Operations Update will give it some more legs.