TSXV:TLC.P - Post by User
Comment by
Paracelsuson Apr 04, 2011 10:56am
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Post# 18381325
RE: RE: Out Standing shares
RE: RE: Out Standing sharesAs you say 1% of 6.47 billion is a lot of oil. In gross value of $100/barrel that would put a value of $29/share at present dilution without accounting for costs of production. At an average 30% rate of profit without discount we are talking 9 dollars a share. So far the oil is coming out in constipated little squirts compared to the preliminary resource, but we have not seen intensive fracturing of the wells yet either.