What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Apache Corporation (APA) - Quote Info
The numbers that make a long     13-Oct-09 11:52 pm    
I have two: 1)Apache Corp. and 2)on the jr side for multiple bagger ODE.V Odyssey Petroleum.

1) Based on CFPS of $11.83 in 2009 and $16.48 in 2010. for 2009 a forecast of production to average ~574,000 BOE/day this will result in a target I have for APA to reach $100/share if oil mives to $90.

2) When you do the math on TSX-V: ODE Odyssey Petroleum, Time to get long imo
see related article http://energymarketwatch.net/ode.htm

The facts used in math: 1) As of right now: Proven and probable reserves = 50,000,000 (BOE) with 7.3 Million Barrels Oil at 12,800ft - 15,000ft and 25 Million Barrels Oil at 17,000ft - 17,300ft. 2) Well production when Shell was pumping on reserve before they shut it off because they did not know at the time how to handle high saline content (ready fix is in place now) = 2,300 and 2,400 barrels of oil a day on the two wells; this is verified by production records.

The math when factoring in known production that will be achieved according to aforementioned variables and scaled back to prolong life for 20+ years on each hole would result in 600 to 1000 barrels per day so I use 600… so 50,000,000 proven and probable / 600 barrels per day = 83,333 /365 = 226 years split that into 10 wells = 22.6 years take that 10 times by 600 barrels per day = 6000 barrel per day = ~$500,000 a day gross revenue – wow. That’s just the tip of the ice berg. No question ODE is going higher. It looks much higher from here.
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

capitalrepo...


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
The numbers that make a long
capitalrepo... Not rated 13-Oct-09 11:52 pm  
 
Interesting...what are your favourite picks in the...
petroshark Rate it 17-Oct-09 08:08 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Apache Corp. (APA)

Chart for Apache Corp. (APA)
On Dec 4: 94.20 Down 0.70 (0.74%)
Symbol Lookup