Caza Oil & Gas Inc - Re: CAZA Stream Log - something to think about....i had...

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Re: CAZA Stream Log
06:19 30/05/2014
bfg
0 replies 0 0

something to think about....i had a communication last week with another AIM oil/gas company re:takeover sp and he mentioned that a place to start is 2P reserves. for CAZA the 2P is about 19MM BOE (see final results from March 2014) - CAZA quoted a BOE price of $70. let's downsize that to $50 to be conservative, then for 203m shares and after converting to £ it suggests £3/share for 2P reserves. so is 22p a good buy? i should think so

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