What value of their permits ?
Right now, STU has 3.6 mmbo of oil reserves, and at call it $15/bbl thats $54m.
With a 65 cent share price and 60 million shares, their permits must therefore be worth ummm negative ten million.
Buffalo paddock, all of it. Except that it's desert, so you cant even raise good buffalos.
Ian Whitchurch
