CGX Energy Inc V.OYL

Big Picture Napkin Fun...

[Mat1791]

So, $1USD for port...(assumption)

$0.21USD for potential BOE

Assume $3.5USD BOE ($2 - $6USD)

Therefore .21 X 338,000,000 = 70,980,000 / 3.5 = 20,280,000 BOE / 32% = 63,375,000 Total BOEs

So...

Total BOE = 250,000,000 = $1.83USD or $2.56CDN

Total BOE = 500,000,000 = $2.66USD or $3.72CDN

Total BOE = 750,000,000 = $3.49USD or $4.88CDN

Total BOE = 1,000,000,000 = $4.31USD or $6.04CDN

Just some fun to chew on until numbers come out, rather than those micro managing every hourly cent change...

[Coloradobuff]

I would hope to get more than 3.72 after all these years. 

[Mat1791]

Conservative estimates... However, dilution has hurt CGX. I have a good contact in another small oil company.  These are long term oil guys looking for a Super Bowl type win and this basic calculation is what they use to set a certain level of expectations for their properties.  They are in the oil property business not oil production business.  I view CGX as such, and FEC maybe

[Coloradobuff]

I don't get the math. Definitely don't want to jinx it but would love higher that 6$ buyout.