RE: RE: RE: RE: This Dummy took the plunge I'ms till not sure I understand your calculations and how you arrived at Fair value of the company.
like i said earlier, their reserve report is confusing. If you go back to their annual report, they talk about reserves (Page 21 of annual report).
How do you reconcile their gross 9,694 MBOE 2P # to what they are telling us now. To me it just doesn't make sense, because the Year end # contains all the properties. This newest update of reseserve report.
Unless we can see their reserve report by AREA, i don't think we can reconcile this....i am probably wrong, but just wanted to double check.
(i mean i am bullish on this as well, bought in at the $3.30 mark, don't get me wrong!)