TSXV:ART.H - Post by User
Comment by
Baxter4on Aug 08, 2010 12:50pm
447 Views
Post# 17331653
RE: oil in the ground
RE: oil in the groundSo what the article is saying is that 8 years ago in 2002 when oil was worth $25 to $30/bbl, the oil in the ground was worth $3 on a new discovery. Bringing it up to todays values makes it worth $7.5 to $9 per barrel. Using the P50 reserves potential means Vast's shares will be worth around $6.50.
I can live with that.