GREY:ARHTQ - Post by User
Comment by
longrider1964on Dec 16, 2010 2:08am
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Post# 17854060
RE: RE: RE: RE: Putting it in perspective
RE: RE: RE: RE: Putting it in perspectiveHey Cyber like most of your math except when you use the royalty rate as their participation rate after the 57% profit oil you have 23.5% times by 34% interest. But the royalty would be subtracted from an initial 100% of 57% so it should be .765 x .34 which gives a net interest of closer to 12.3% and a $30 per share value for the P50% 2.7 billion barrel find which is closer to what most analysts value this play at should they find that amount of oil. 900 million barrels would be good for $10 dollars and 5 billion would be good for close to $50 on an unadjusted basis.
Hope that clears things up.
Longrider