RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does Anybody Recall News on This?Also, with Eco Atlantic hitting two wells offshore Guyana, the are indications of what investors will pay for prospective resources.
They have found about 50 mmboe of the 500 mmboe that Eco has identified and went up $250 mm in market cap.
i suspect investors are pricing in some future success, so it probably equates to $1 to $2 a bbl in prospective respires. This would be about $2 to $4 a share for POE.
This is my back of the envelope opinion.