TSXV:ART.H - Post by User
Comment by
Baxter4on Jun 08, 2010 10:22pm
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Post# 17171184
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE
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"3P or Possible Reserves are worth a cup of coffee, with less than a 10% chance of recovery."
So Goofy, how do you explain why one of the other companies you bashed, Berens, sold for $38.bbl of P2 reserves. Were the P2 reserves worth 438/bbl and the P3 reserves worth a cup of coffee or were the P3 reserves actually hidden in the P2 purchase price? That worked out to something like $50 per flowing barrel equivalent for a company that was 90$ natural gas.
So, another of your lies shot down in flames. Undeveloped oil in the ground has been purchaseds for over $14.40/bbl, your $4 is way out to lunch, Funny you have no backup for the $4 figure but when you pull a number out of your butt, back-up is hard to find.