OTCPK:WSRLF - Post by User
Post by
tradebait2on Aug 24, 2013 11:25am
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Post# 21695083
Value of oil in the ground.....
Value of oil in the ground.....Doing some math ( feel free to shoot holes though it ) on the present value being given for the current contingent oil resource number ( 500 mbbl ). I came up with $2.73 per bbl. The math is based on the current market cap and does not include any other cash, assets, gas, etc, etc.
What value do you ( the rest of this board ) give to the current discovered oil in the ground? I've heard Simon mention the going rate of $5. At $100 oil the PSC should be around $7 bbl profit oil.
Thoughts?
GLTA