Production (bpd) (MEO only)

1000

2000

5000

10000

Production year(365 days)

365

365000

730000

1825000

3650000

Revenue ($100/b)

100

36 500 000,00 $

73 000 000,00 $

182 500 000,00 $

365 000 000,00 $

Net Revenue

80%

29 200 000,00 $

58 400 000,00 $

146 000 000,00 $

292 000 000,00 $

Net Revenue

70%

20 440 000,00 $

40 880 000,00 $

102 200 000,00 $

204 400 000,00 $

Net Revenue

60%

12 264 000,00 $

24 528 000,00 $

61 320 000,00 $

122 640 000,00 $

Net Revenue

50%

6 132 000,00 $

12 264 000,00 $

30 660 000,00 $

61 320 000,00 $

# shares (in Million)

190

Earning/share

80%

0,1537 $

0,3074 $

0,7684 $

1,5368 $

Earning/share

70%

0,1076 $

0,2152 $

0,5379 $

1,0758 $

Earning/share

60%

0,0645 $

0,1291 $

0,3227 $

0,6455 $

Earning/share

50%

0,0323 $

0,0645 $

0,1614 $

0,3227 $

P/E ration(10)

80%

1,5368 $

3,0737 $

7,6842 $

15,3684 $

P/E ration(10)

70%

1,0758 $

2,1516 $

5,3789 $

10,7579 $

P/E ration(10)

60%

0,6455 $

1,2909 $

3,2274 $

6,4547 $

P/E ration(10)

50%

0,3227 $

0,6455 $

1,6137 $

3,2274 $

P/E ration(15)

80%

2,3053 $

4,6105 $

11,5263 $

23,0526 $

P/E ration(15)

70%

1,6137 $

3,2274 $

8,0684 $

16,1368 $

P/E ration(15)

60%

0,9682 $

1,9364 $

4,8411 $

9,6821 $

P/E ration(15)

50%

0,4841 $

0,9682 $

2,4205 $

4,8411 $

Note

Oil in Tennessee is a premium oil (very light and no sulfur)

Access for delivery is very easy ( not in the forest)

No overhead has been calulated as no base

Compare with Petrolifera (in the forest, oil sold at $48,90 and 51 M shares)