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LowFloatGoat

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LowFloatGoat

Re: petrotsar post# 55283

Thursday, 05/25/2006 11:26:15 AM

Thursday, May 25, 2006 11:26:15 AM

Post# of 362006
How? Provide an example from this region where unproved oil, based on seismic studies, has brought less. You can't do it.

However, it's fairly straight forward to show the share price should be higher if you follow the consultant's study on Afren's website. Use their method and compute (NPV per "gross" bbl)/(per share). You'll find it is much higher than the current share price of $0.60.

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