TSXV:ART.H - Post by User
Comment by
Baxter4on Apr 12, 2010 11:49am
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Post# 16981562
RE: RE: RE: RE: RE: RE: let's see..
RE: RE: RE: RE: RE: RE: let's see..C'mon Goofy
Just because you keep spouting the same lies over and over will never make them true. If VST was worth 17 cents, don't you think it would be trading close to 17 cents?
Analysts with minds immeasurably superior to yours have determined VST is worth $5 unrisked and $1.25 risked. As we are still in the risk stage, the price should be trading closer to the $1.25 mark and guess what, 88 cents is closer to $1.25 than it is to 17 cents.
Spud is in 2 weeks, TD is about 3 months so ny August we should know what Vast has in the ground. That also will remove the risk factor assuming we find what Niko and Vast believe is there, so then the share price will be $5. If there is more oil, than the share price will be higher.
P2 reserves traded for $14.40/bbl last year. P2 reserves are the measure of what reserve sales are calculated, but P3 reserves are actually taken into account. Just look at companies that were bought out this year. Berens was a gassy company which sold for over $30/bbl for P2 reserves earlier this year. Why? Because they had a lot of possible P3 Cardium oil reserves. Another company was Result, which was bought out for its possible P3 Cardium reserves for over $30/bbl based on its' P2 reserves.
A successful well and Vast will have a pile of P3 reserves as well as some P1 and P2. Seven formations being targeted, each one with lots of potential. maysteeler23's prediction of $20/share is possible with a successful well and future drilling.