PetroSun Inc (PSUD)

[RetireSoon2]

Optimistic? Lets look at some numbers

The average Reserve Value to Market Cap is 15% of Reserves for the 10 Largest Oil and Gas Companies in the U.S.

So with 1 zone in 17-1 of 2.29 BCF of Helium. And 4 more zones not quantified in 17-1. Possible Reserve Quantity is 11.45 BCF of Helium. Press Releases reported 2 zones with higher concentrations of Helium than the tested zone, and 2 zones lower.

In addition 16-1 reportedly has 9 zones of commercial quantities of Helium. With 2.29 BCF as a baseline we add an additional 26.1 BCF of Helium.

Totals 37.55 BCF of Helium. Market value of approximately $ 250 per mcf.

Total estimated value of reserves is 9.387 Billion dollars.

This does not include reserve values for Golden Eagle Utah or New Mexico.

Discount as you will. My math says if all my estimates hold we are at about 25.51 per share. As I said discount down where you think it needs to be. Not overly optimistic at 3-6 dollar per share. At 15% of Reserve Value we are at 3.82 per share

What are your numbers?