Share and Warrant structure and BOE By my calculation if they hit this one, the resource is equal to (588 BCF/ 5500 CF) = 10.6 Million Barrels Of Oil and then I think you multiply that by 3.5 to 4 to get the price for gas in EU.
For those who have not yet check out the company Presentation here is the warrant structures.
Common shares issued (basic) 198.9
Common shares (fully diluted) 261.7
Directors & Officers ownership (basic – 8.2%) 18.5 Mil
Stock options (US$ 0.11 - US$ 0.60) 14.7 Mil
Share purchase warrants (US$ 0.50- US$ 1.00) 48.0 Mil
Potential proceeds of warrants & options US$ 45.4
9.3 million warrants at US$0.50 expire March 28, 2013
7.8 million warrants at US$1.00 expire March 28, 2013
30.9 million warrants at US$0.85 expire March 28, 2013