General projections - $10,000 per acreWe have 54,340 acres
see slide 19
https://www.azaenergy.com/PDFs2012/Azabache%20Energy%20-%20Claudio%20Larotonda-FV.pdf
53,340 acres x $10,000/acre = $533,400,000 and roughly 150 M shares is about $3.55 per share. And that is just a share price based on selling our VM resources. IF we develop the resources, it would be even more. I am real glad we have Claudio as the CEO, and Glenn with his experience in big oil doing the negotiating for us.
I know it's been a long time without news, but there has to be good things coming with the recent NOG interest and political changes.
As seen in the previous posts, if Shell wants some resource acreage, how about a deal?
I'd sell for half price at $1.75 per share. That would be a 17 bagger from where we are today at 11 cents. Then we would still have our Colombia assets on top of that.