TSXV:TLC.P - Post by User
Post by
Paracelsuson Mar 12, 2011 7:27pm
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Post# 18276352
Not sure of the measures
Not sure of the measuresI went to the Georesources Inc site for comparison. The company has a share float of about 24 million. ACG has a share float of 130 MM. Now GEOI has proven reserves of 24 MMBOE. I looked at the ACG estimate by AJM of "petroleum initially in place" and they have 6.47 million Mstb of oil. GEOI goes for $25 a share. How are MMBOE's different than Mstb's? Thanks.