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Neil24

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Neil24

Re: V1nc3 post# 11557

Monday, 06/13/2016 4:41:39 PM

Monday, June 13, 2016 4:41:39 PM

Post# of 13693
It's rising oil prices. The company has huge proven reserves, so every rise in crude oil by the dollar translates to millions of additional equity that didn't exist when the company filed BK in mid-May.

I'll do some calculations tonight and post the numbers tomorrow.

I encourage others to do the same. The last 10Q has the stats for recent production and documents estimated proven reserves in barrel equivalents.
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