TSXV:ART.H - Post by User
Comment by
Baxter4on Jun 18, 2010 4:01pm
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Post# 17203120
RE: RE: good40 will u respond?
RE: RE: good40 will u respond?Back to my list of goofy's book of tricks:
"Baxter4 continues to use the price for developed and producing reserves."
1) Ignore published data that shows worldwide Acquisitions and Merger prices in 2009 were $14.40/BOE for P2 reserves and instead make up your own number simply by using older data and discounting it.
Developed reserves are classified as P1, proven. P1 reserves do not have to be producing to be classified as P1. P2 reserves are probable but are not developed. The $14.40/BOE is the published date for mergers and aquisitions in 2009 for P2 reserves (which includes proved and probable reserves). Wasn't the Oilexco sale of reserves a bankrupcy auction in the bottom of the recession, when oil was just above $30. Bad example to use and still above his $4/bbl.
"Baxter4 is what I call a twit, mouth much too big for his brain. He has no idea, or he's just plain criminal."
8) Try to discredit any poster who opposes you.