Bowood Energy Inc V.BWD

RE: BWD one of the best leveraged plays in the Alb

[BayStreetkid]

my favourite part of that GMP report:

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