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Wednesday, June 10, 2015 3:06:20 PM
1. P90 is the low reserve estimate
2. P10 is the high reserve estimate
Corrected Price targets
Henc: P90 pps = $7.50, P10 pps = $29
TGC P90 pps = $3.50, P10 pps = $15
Original Price targets
Henc: P90 pps = $29, P10 pps = $7.50
TGC P90 pps = $15, P10 pps = $3.50
Again, it's crazy to think that these possible price targets are based on just <6% of the company's acreage where either 2D or 3D seismic have been shot to date.
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