GREY:GULSF - Post by User
Comment by
snafuron Oct 24, 2006 9:10am
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Post# 11546505
RE: Anyone care to explain?
RE: Anyone care to explain?Michael Turko did this math in an interview earlier this year:
He does not want to wait until production, he wants to sell the reservers. He said he will get $15 per barrel for a reserve.
He calculated with 600 million barrels (most optimistic expectation).
600 million bbl * $15 * 11,25% divided by 75 million shares = 16$ per share.
For Lytham he calculated additional $12 (10% interest, $2.50 per 1000 cf gas reserve)
It is from a german interview in february, if you understand german you can read it here:
https://www.frankfurterfinance.de/archiv/2006/02-2006-gulf-shores-interview.htm