Post by
Frank007 on Apr 02, 2021 1:49pm
value....
1 hole is app 50 milion. not 100 each of apache and exxon were approx 300 milion barrels ... so if it hits ....my call is each share will have a claim on 1 -2 barrels of oil and with $35 lifting cost and net to producer 20 to 30 $ your shares should have a nice value as well as any future discoveries .... i know i am dream ing but this little junior could be a $100 stock ....
Comment by
zerbo on Apr 02, 2021 2:34pm
Light oil is paid between US$ 1-2 per barril in ground if if they think it's there. CGX can have between 5 - 6 Billon barriles if all works out like in Exxon or Apache Licenses. Everybody can do math by themself, multiply and divide by, lets say 300 milln shares. So anything between US$ 16 and US$ 53 can be posible, dreams are cost free and never say never.
Comment by
Coloradobuff on Apr 04, 2021 1:01pm
While I would be ecstatic, I can't see $100 at all. The powers are trying to steal the shares, so they will probably offer $5. $15-20 would be a gift!