GREY:SCSZF - Post by User
Post by
templetoothon Mar 01, 2011 5:33pm
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Post# 18215278
Daydreaming....
Daydreaming....Let's go crazy....
Let's pretend 50 of our 70 sections are Pekisko productive with reserves of 20 million barrels in place, and that with waterflood, 30% is recoverable.
So, 50 sections X 20 mmbbls X .3 = 300 million barrels.
Let's pretend that by the time such pleasant numbers can be reasonably assured that SCS will have 150 million shares outstanding.
Therefore, 2 barrels of recoverable oil per share. Pick a number, but if we say $20 per bbl, .....well, sorry, my calculator just exploded so you'll have to do the rest!!!
Best regards and pleasant dreams.