RE: RE: RE: RE: RE: Closed 1.36, new 1-year high According to my calculations using previous analytical assumptions listed below, an oil find at Eagle Shallow would equate to the following:
A find of 315 million barrels of recoverable oil.
Net profit of $22.78/barrel.
341,673,663 outstanding shares.
315million x $22.78/barrel divided x 341,673,663 = $21.00/share.
Note that this does not include any share price value associated to other potential finds such as a quarter share of Jaguar or other CGX properties.
Using the same philosophy a 700mb find at Jaguar could amount to an additional $11.67/share.
And what after that! The skies the limit unless of the cursed take-over happens in between time.
But even then we still have "the poison pill" protection for a hostile take-over.