Azabache Energy Inc V.AZA

RE:RE:Resource report coming soon

[Cabrio1]

That is the question of the year.  No one that I know knows the answer.  It will likely depend on macro factors (Argentina politics, Christina, oil export laws (there are rumors of the govt allowing smaller companies to export 20% of the Argentina oil at world prices), the perspective of the large brokerage houses with respect to YPF (gone from $10 to $35), BOE, MVN, CWV and RPT.  

I think the mindset has been that the oil is in the Eastern part of the VM.  I think our last frac showed there was oil in the western flank of the VM.  

Bottom line, IMO (which isn't much more than a SWAG), and we get a 100 million barrels recoverable, I think the price will be 20 to 30 cents based just on the resource report.  

Here's a wild guess based on recoverable oil resources:

10M barrels - 1 cent
50M barrels - 10 cents
100M barrels - 20 cents
200M barrels - 30 cents
300M barrels - 40 cents
400M barrels - 50 cents
500M barrels - 60 cents
1 Bil barrels - - $1.00 per share