RE:RE:Shareholder Valuemartindale wrote: ark88 wrote: Just expressing some random thoughts while we wait.
While I generally believe that the health of the company is more important than shareholder value, however in our case, I certainly hope that we get news before the inevitable financing that will create diultion and thus reduce shareholder value.
One small sign of hope for us minions is the exercise of warrants last week for much needed cash.
Lets hope this is all that is required for us to get to the Company making moment, be it RR or SNV ownership increase in the PSC in exchange for SGE stake in SNV. GLTA!
Just updating where we are in regards to our potential value while we wait for our next news update.
37,500,000 BO = $3.93 billion @ $105 a barrel 114,000,000,000 cf of nat gas @ $7.40 = $843,000,000, this brings the selat reserves to a total of $4.77 billion. our 25% of that is just under $1.2 billion. And we have just over 120 million shares out at the moment... add extra ownership percentage and possibility of more reserves found in new report and even the blind can see where we are going.. .045 cents is nothing short of a joke... GLTA Invested!
as per request.
37.5 mm bo @ $95 US is $3.56 billion and our Natgas of 114 bcf @ $9.65 US ( presently @9.80) = $1.1 billion so overall value hasn’t changed much but with oil prices likely to rise and Natgas to also continue to increase, we only become more attractive. $4.66 Billion US and the Canadian dollar has dropped as well, so over all no real change in value.. approx $6.1 billion Canadian GLTA Invested, we have to be getting close to something big.. still no response from Dean..