After the great report by the company that the oil and gas find is commercial at current prices I went back to the prospectus page 62 and saw that the author of the independent technical report estimated the f sands had 1.2 million barrels of oil I then multiplied this by $100 which gave me revenue of $120 million.The author then stated that he estimated that the g sands holds 2.3 million barrels of oil at $100 which gives a revenue of $230 million.If the company is successful in the g sands the current stock price will be very very conservative.(the above revenue figures do not take into account any gas sales)
BYE Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
