a little mathA little math
10 TCF (trillion cubic feet)
10,000,000,000,000.00
from wikepedia:
https://en.wikipedia.org/wiki/Natural_gas
* One cubic foot of natural gas produces about 1,030 BTU (38.4 MJ/m³)
* The price of natural gas is $9.00 per thousand cubic feet ($0.32/m³) (the price is currently around $12)
therefore:
10,000,000,000,000.00 / 1,000.00 * 9.00 = $90,000,000,000.00 worth of recoverable gas
Shares out 66,640,000.00
$1,350.54price per share based on TOTAL gas assets at $9.00 per thousand cubic feet (guesstimate)
*gas prices are currently $12 and will keep on going up based on analysts expectations
Well, this is just a really rough estimate, wells are 250K each, taxes are at 10%.. well, you get the picture
we are sitting in a lot of money.
and thats just for nat gas...
Cheers, -R
Please do your own D