55% of possible 200million barrels= 110million barrels GGX.
Approx 35% recovery gives 70mmbls
70x 0.55= 38.5 mmbls GGX share
38.5 mmbls x NPV value of approx $US70= US$2,895 000 000
Based on 110 million shares = $US24.5 per share
approx 200 bagger
25 million barrels would give US$ 2.45 per share approx 20 bagger
Assess own risk exposure and dyor.
55% of possible 200million barrels= 110million barrels...
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