pes 3p reserves now values pes at $7.92 min, page-2

Jake0002

i did my own figures and came up with 6.86 but i took into account all the options and assume they would be all exercised taking the number of shares on issue to 126.6. Shouldnt rely too much on this figures though as it is the 2P figure that will give a more solid basis to value the company

Should be noted that the Cameroon Field is only one of several PES fields, so there is a lot more upside potential here as you noted

sloeb