GREY:ROAOF - Post by User
Post by
coffinraideron Dec 25, 2008 8:27pm
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Post# 15667260
3P Reserves total 292 million barrels
3P Reserves total 292 million barrels
The combined 3P reserves are valued at or close to $3 per barrel at current oil prices. This gives a current valuation of $876 million for OIL.T
1P Reserves are currently valued at or close to $560 million with 2P reserves at or close to the $870 million valuation mark for Oilexco using a $5/current per barrel/174 million 2P reserve.
I am discarding the 3P valuation and going with the 2p valuation being Oilexco's current worth at today's oil prices.
How do you feel about this figure Goodie. You have two clapping seals now, Lennie and Pinkie who will go with anything you say.