Production (bbd) (MEO)

100

200

500

1000

Production year(365 days)

365

36500

73000

182500

365000

Revenue ($100/b)

100

3 650 000,00 $

7 300 000,00 $

18 250 000,00 $

36 500 000,00 $

Net Revenue

80%

2 920 000,00 $

5 840 000,00 $

14 600 000,00 $

29 200 000,00 $

Net Revenue

70%

2 555 000,00 $

5 110 000,00 $

12 775 000,00 $

25 550 000,00 $

Net Revenue

60%

2 190 000,00 $

4 380 000,00 $

10 950 000,00 $

21 900 000,00 $

Net Revenue

50%

1 825 000,00 $

3 650 000,00 $

9 125 000,00 $

18 250 000,00 $

# shares (in Million)

190

Earning/share

80%

0,0154 $

0,0307 $

0,0768 $

0,1537 $

Earning/share

70%

0,0134 $

0,0269 $

0,0672 $

0,1345 $

Earning/share

60%

0,0115 $

0,0231 $

0,0576 $

0,1153 $

Earning/share

50%

0,0096 $

0,0192 $

0,0480 $

0,0961 $

P/E ration(10)

80%

0,1537 $

0,3074 $

0,7684 $

1,5368 $

P/E ration(10)

70%

0,1345 $

0,2689 $

0,6724 $

1,3447 $

P/E ration(10)

60%

0,1153 $

0,2305 $

0,5763 $

1,1526 $

P/E ration(10)

50%

0,0961 $

0,1921 $

0,4803 $

0,9605 $

P/E ration(15)

80%

0,2305 $

0,4611 $

1,1526 $

2,3053 $

P/E ration(15)

70%

0,2017 $

0,4034 $

1,0086 $

2,0171 $

P/E ration(15)

60%

0,1729 $

0,3458 $

0,8645 $

1,7289 $

P/E ration(15)

50%

0,1441 $

0,2882 $

0,7204 $

1,4408 $

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)

: Trading now (Mar 27,08 at 15:00)