RE:What PUL could be worth MathCriticalMind55 wrote: If 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!
Looks good CM .That value is there in the long run . Sure hope manegment is done bringing in money to execute a meaninful sp appreciation while diluting the float but yes Insiders are taking almost HALF the PP. Huge SKIN and money so HUGE Confidense in the future of Pulse. Magic word Currently . Yah weak shands and suckers got shaken out . Read on from Todays NR . Significant .
Currently, Pulse has received commitments to subscribe for approximately $6 million of the Offering from current insiders of Pulse. Later trolls long Pulse.