RE:RE:RE:RE:RE:Hr. SuggestionMarch 13, 2020
https://stockhouse.com/news/press-releases/2020/03/13/toscana-energy-announces-2019-reserves
TEI proved reserve is 356Mboe, As per your number that reserve has a value over than 356M$US. Also the 90Mboe of reserve you are talking about is not mentionned it is a proved, therefore it is unproven reserve.
TEI total reserve is 4,197 Mboe or value at 4.197B$US as per your number
CONCLUSION TEI assets has more value than the proposed 60M$US acquisition TEI Reserves Summary
Proved reserves comprised 75% of the Corporation’s total proved plus probable reserves at December 31, 2019. The Corporation had 356 Mboe of proved undeveloped reserves at December 31, 2019, representing 7.7% of total proved and probable reserves and 10.3% of total proved reserves.
TOTAL OIL EQUIVALENT: Total Proved: 3,135 Mboe
Probable: 1,062 Mboe
Total Proved plus Probable: 4,197 Mboe