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Re: limer814 post# 1682

Sunday, 04/10/2022 12:59:01 PM

Sunday, April 10, 2022 12:59:01 PM

Post# of 1796
Lol saw what ya did there. In 2019 their resource evaluation report estimated future Net revenues of 52million. If 10 million barrels was given $5/barrel when Brent Crude was at $65 in 2019. It would be interesting to know the quality of those proven reserves and how that would be priced with Brent Crude at $102.78, looking like it could revisit 52wk highs. If they have light oil (high quality crude) you can guarantee it’ll be valued north of $6/barrel.

I post opinions so please do your own due diligence.