Post by
Frank007 on Mar 24, 2023 3:34pm
Here is the math as I see it….
If wei 1 is a hit ..and the feild is developed. Say 300,000,000 barrels ...fec 2/3 ..cgx 1/3 ...100,000,000 div by 287,600,000 shares equal. Cgx has a clim on .3477 of a barrel ..... frontera ....200,000,000 divided by 85,400,000 shares equal to frontera has a clai per share ......of wait for it ......2.34 barrels per share .....my moneys on Frontera ..thou I do have a small position in cgx .....
Comment by
t898an on Mar 26, 2023 1:26am
This post has been removed in accordance with Community Policy
Comment by
a2bman on Mar 28, 2023 1:15pm
You forgot to include the share price. it will cost you almost 10x more to buy one share of frontera. If you factor that in the sides are equal