RE: newsHey JCVH,
In your calcs you are using 85,000,000 barrels recoverable, I think you mean 95,000,000 - as you're deriving it from the 50% recoverable of 190,000,000 barrels figure...
So jack up your price projections by 11.76%
Also, as we've discussed, based on a variety of the forecasts I've seen, many of the numbers in your calcs are conservative. This includes everything from price of oil, lifting costs and even fx rate USD-CAD...
Also, as I love to keep pointing out, these are the prices that the company would justify based exclusively on the LAK project, if Barry announces that they've optioned a property or two with similar characteristics as LAK, well then, it's time to break out the monocles and top hats!!!
Cheers guys.
Cpac.