RE: CORRECTION: Possible Value of CGX IIMy only concern with your math is the need to compare oil prices and outlooks at the time Deal 1 and 2 were done vs what we are looking at today. We are looking at possible contraction in the world economy and the price of oil has so far been fairly resilient but if this contraction proves out, we will see oil prices slide down. So, beside the drilling risk, we have a commodity price risk to consider.
Otherwise, love your math and thanks for sharing, really shows the huge potential of this play. Even if Oil corrects significantly, I have to believe we would get a serious multiple to our current share price, maybe just not as high as those buy out values you pointed out.
Glorieux