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Re: Bruce_Mcdonalds post# 40751

Sunday, 04/25/2021 11:16:00 AM

Sunday, April 25, 2021 11:16:00 AM

Post# of 54153
JRYAN did an Excel spreadsheet calculating the netback per barrel factoring in all the taxes, royalties and charities you've highlighted. WTI sits at $62/barrel this morning, which would yield a netback of about $10/barrel. From the press release highlighting the Garb report back in 2016, the p50 estimate of recoverable oil is approximately 70,000,000. So that would yield a company value of $700,000,000, give or take.
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