Challenger Gold Ltd (CLLEF)

[TheGreatDane]

Hello!

I have been...waiting, for results, ya know?!!

EOG has operations in T'n'T, and Mr. Thomas Boone Pickens was kind enough to provide elegant & logical calculations, Enjoy!:
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Canadian Superior possible market cap
EOG Resources claims 16% of their reserves in Trinidad. The current market cap for EOG Resources from Yahoo! Finance is 29.56 billion dollars. They claim 6.669 trillion feet of gas out of a total of 7.745 trillion cubic feet(179 million barrels of oil makes it 7.745). So the 16% of market cap for Trinidad would be 4.7296 billion dollars. And 16% of 7.745 trillion would be 1.2392 trillion cubic feet in Trinidad.

So, it appears that if this well continues to show results, and there is just 1.25 trillion cubic feet of reserves in block 5c, the market cap would be about 4.75 billion dollars. At a 45% interest, the market cap of Canadian Superior would be 2.1375 billion dollars and the market cap of Challenger with a huge 25% interest would be 1.1824 billion.

So it does look like our stocks have a long way to appreciate if there is 1.25 trillion feet or more on the entire block. They would triple from current prices eventually.

http://www.reuters.com/finance/stocks/companyProfile?symbol=EOGR.MU
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