Optionsman, you are correct and I am wrong. However, it still is...

Optionsman, you are correct and I am wrong. However, it still is 45% of the project NOT 30%. 15% that was to be sold to
Magna was converted into shares in lieu of equity. That will prove to be the cherry on top for us should 77H prove to be
a high impact commercial well.

222bcfg = $1.77 Billion in Revenue {$8mscf} 37 mmbo = $3.7 billion in Revenue {$100 bbl}

Total revenue {best case} = $5.47 billion {in ground value}. NPV at 10% = $547 million SP = 92c.

Total revenue {high case} = $12 billion {in ground value} NPV at 10% = $1.2 billion SP = $2.03

Total Revenue {low case} = $ 2.1 billion {in ground value} NPV at 10% = 210 million SP = 35c

Now, I think that is pretty well right unless someone begs to differ. These are contingent resources not prospective.
Taken from Aug 2013 company presentation.

GLTAH