What PUL could be worth MathIf 10,000,000 BBLs represents 30% of the reserve pool, then the remaining reserves are 10,000,000/30%= 33,333,333 BBLs.
Canadian current cruse price ranges from 450 - 600 CDN, let's use $500/m3 so
33,333,333/6.29= 5,299,417 M3 X $500 = $2,649,708,532
Fully diluted shares 151,595,357 + 240,000,000 = 391,592,657
$2,649,708,532/391,592,657 = $6.8 per share potentail book value
of course there will be operating and admin expenses let's say 60%
6.8 X 40% = $2.72/share net share price.
I think this is what they mean when they say "significant" shareholder value.
I will hold on and maybe even buy more and wait to see them succeed with this EOR project.
Long PUL!