TSXV:ART.H - Post by User
Comment by
Baxter4on Jul 04, 2010 7:57pm
419 Views
Post# 17242312
RE: Value
RE: Value"Despite the boiler room attempt to value oil in the ground as $15 per bbl, the fact is that oil in the ground is
valued at $3.73 per barrel... if appraised to be classified as 2P"
I'm nopt in a boiler room, but the published figure of Mergers and Aquisitions in 2009 was $14.40/BOE for reserves appraised as 2P.
Funny how you took old data of over $5.bbl, discounted it to $4 and now have gone down to $3.73. Was the current share price too high to support the $4 so you had to lower it to make your funny economics work. What a loser.