ok you just gotta love this... With approximately 115,000 net acres
on the play or 180 net sections and using the lower end of the estimated OOIP of 10
mmbbls per section and a primary recovery factor of 15%, we calculate that Bowood is
exposed to 270 million recoverable barrels (unrisked). If we assume that these light oil
assets are worth $25.00/barrel this works out to almost $23.21 per share.