RE:RE:RE:utkant:1000 feet of net pay????? Where the H do youIf I were you I would take a visit to the doctor. You seem very stressed out and I feel that you have some issues that needs to be addressed.
Now back to what I had calculated. I never said it would be that size. I just showed some back of the envelope calculations of what there "might" be. It has been very neatly corrected by welshgeo in another post.
But even using his number we get to about 75 million barrels which is a BIG WIN for the company. Yes, there could be even more revisions to the downside, but also to the upside. My calculations I put here just so that they could be corrected by someone with more knowledge and information than me.
Whatever we think and do, it will not change the story. Roystons value is with a fairly high probability more worth than Cascadura. So the share price should actually at least double since even Cascadura is not priced in.
There is a huge amount of upside in this stock on already found assets and finding oil of this size in Royston seeing share price tank by 10 percent is the weirdest I have ever experienced in the stock market as a small time investor for 15+ years. I actally had a laugh because it is utterly ridiculous and I know many others feel the same.
If this price level holds I will buy, buy and buy even more because it does not get better than this!