So if we have a net to 88e of around 1 billion barrels, at $5pb our market cap would stand near $5billion ? obviously we would lose a substantial amount of that through farm ins/dilutions.
Am I missing something or is this too good to be true ? It almost seems like the unconventional is the cream on top and our conventional is now the main cake.
Even if it was worth $3bil to 88e we could be looking at a rough bagging of 25x ?
Anyway I am hoping someone out there can give a much clearer calculation.
S
So if we have a net to 88e of around 1 billion barrels, at $5pb...
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