Comment by
quartus on Sep 18, 2012 11:37am
Well, lets say going rate for heavy oil is around $30,000/flowing boe. But let's bump that up to $35,000 because its Bobby Lamond(haha). That gives a value for the company of around $16,000,000. Total debt including neg. working capital is approx $20,000,000 if I am not mistaken. There you have it,