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Re: babble_on2001a post# 190425

Sunday, 12/13/2009 4:57:23 PM

Sunday, December 13, 2009 4:57:23 PM

Post# of 361666
China bought 45% of AKPO for $2.5B in 2006 when oil was $60.

China is growing at 8-10%, oil is at $75. In 7 years China's economy will be double what it is now.

I think we can at least double what they paid for AKPO, so the answer to your question... $10 per barrel. One billion barrels of proven undeveloped is worth $10B dollars.