Saturday, March 04, 2006 7:32:03 PM
If I use the numbers based on 2:1 for Blck 2 then ERHE has 22% ish, Blck 4 17% ish, Ruby stated before that if we get 10% in Blck 3 (I'll use that as well for argument sake).
I get the following PPS given modest 1BB per Blck 1,2,3 and 4 only.
Value of Unproven oil @ $3/B = $2.54
Value of Proven Oil @ $12/B = $10.14
Truth = currently some where in between
Brez
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