TSXV:ART.H - Post by User
Comment by
Baxter4on Jul 05, 2010 9:29pm
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Post# 17245441
RE: RE: Good40 2P reserves
RE: RE: Good40 2P reservesGoofy, you said:
"The value I've used is derived from the 2008 average price for undeveloped 2P reserves ($5.25/bbl). These are not
producing and completely undeveloped."
Yet over numerous times I have given you the links to information which shows the 2009 average price for undeveloped 2P reserves is $14.40/BOE, these are for reserves which are not developed plus the developed reserves. 2008 was a major recession and buyouts of reserves hit lows as no companies had the cash flow to do the acquisitions.
If you want to make a valid point, use the 2009 numbers, not the 2008 as they were artificially low. But then I know you won't as you would make a good case study for a psychiatrist about your Napoleon complex.