RE:RE:RE:RE:Rough Numberswaitingstill wrote: Rough estimates indicate that we could have 750 million barrels if Wei is the success they expect. That is 250mil net to CGX. At $6USD in the ground, that is $1.5bil USD / 300+ million shares is roughly $5USD/$6CAD per share. In addition, "mean" third party estimate for North Corentyne is 2.2 billion barrels so successful Wei would derisk those barrels and that could push the SP to $10. So upside could be $10 IMO.
Where are you getting the 750 million barrel estimate? I have not seen anything from CGX or FEC to indicate the potential size of Wei. Is this a number that was released from either company, or just your estimate?