Comment by
Lonegaurdian19 on Aug 13, 2022 2:17am
I did a quick analysis of the 150 Mil net barrels they are targeting: @ $x in ground / 340 Mil shares + 10% premium @ 3 = $1.45 per share @ 4 = $1.94 @ 5 = $2.43 @ 6 = $2.91 I'd say this is the most likely range (though Gil may disagree) and I just winged it on the premium.
Comment by
Proselenes on Aug 13, 2022 2:29am
But the upside is 500 million barrels recoverable........ So it would be 250 million net to ECO if all 3 targets come in good.