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Spec29

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Spec29

Re: brez63 post# 28245

Saturday, 03/04/2006 6:39:34 PM

Saturday, March 04, 2006 6:39:34 PM

Post# of 363139
Brez, I come up with $9.69/share...

after a few modifications. I changed the block 1 percentage to equal the block 2 percentage so I could value the overlay only. I wanted to be somewhat conservative so I changed the overlay to 1.2 billion barrels. Since the overlay is proven, I used $9 per barrel for the value.

A wise man never plays leap-frog with a unicorn.

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