Agoracom: Small Cap Investment - Cuda Oil and Gas Inc. - Risked Target Price for a share of Junex = $15.23

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Risked Target Price for a share of Junex = $15.23

posted on May 08, 2008 05:44PM

	Junex - Target Price Calculations

Data from May 2008 Junex Presentation

From Slides 17 and 18

At 50% prospectibility

371 BCF (Junex @ 15%)

2150 BCF Outside JV

Total BCF=		2521

Using $0.5 per MCF

2521 * 1000000000 / 1000 * 0.5

Total Net Asset Value =		1,260,500,000

Fully diluted Shares = 59.6 Million	59,600,000

Net asset Value per Share		$21.15

Probabilities:

Horizontal Fracture Stimulation		0.9

50% Prospectibility		0.8

Risked Target Share Price		$15.23