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Re: leebret post# 15328

Tuesday, 08/01/2006 8:48:03 AM

Tuesday, August 01, 2006 8:48:03 AM

Post# of 46028
I think they valued all the shares at 2.20 including those for North west and Nord Oil. The share structure gave them more shares with total OS now of a little over 600 million. 600 x 220 = 1.25 billion value number they came up with.
I have not seen exactly how they came up with the 1.25 billion number, I guess based on there reserves. Thats my take. GLTA
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