TSXV:ART.H - Post by User
Comment by
Baxter4on Feb 16, 2010 1:12pm
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Post# 16788353
RE: RE: what's up with VST...needs a push up!
RE: RE: what's up with VST...needs a push up!Good40, you said:
"I keep telling you silverdug, 2P oil in the ground is worth today about $4/bbl. "
I know you just made up that $4 number to make people question thier investment in Vast, but I thought I would give some recent numbers in Western Canada
Berens Energy sold for $31/BOE 2P reserves, Result Energy for $38/BOE 2P reserves. Funny thing is, both these companies where gas weighted. As Vast is expected to be oil weighted, it should be an even higher number. What it does mean is 2P reserves are at least 8 times higher than you state, so by your numbers this stock should be at $5.60. So I guess when you through in the risk factor for a comercial discovery the current price of
.70 is actually fair. Wait until the drilling results are in and this stock will fly.