RE: RE: $ 40 BILLION VALUE FOR LFD....I would like to address this last comment of yours:
"Undeveloped oil in the ground, appraised sufficiently to be classified as 2P oil reserves,
are worth about $4/bbl."
Using your numbers gives an asset value to LFD of $ 12 billion for undeveloped oil in the ground.
CONCLUSION:
Per your own numbers: Value of LFD, undeveloped oil: $ 12 billion (based on 3.1 billion barrels of oil)
Market cap: $ 40 million for LFD.
End Result: Once in a life time undervalued stock, buy all LFD stock you can.
JMHO