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Post# of 42997
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Howardhaftel

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Howardhaftel

Re: None

Saturday, 07/03/2010 3:44:11 PM

Saturday, July 03, 2010 3:44:11 PM

Post# of 42997
The total outstanding shares after the completion of the rights offering converted to barrels of oil per share:
2 billion barrels = 4.85 barrels per share
3 = 7.28
4 = 9.71
5 = 12.14
10 = 24.27
15 = 36.41
20 = 48.54
*****************************************************************

Using a $50 per barrel net profit multiply by the amt of barrels to find price per share, example: 4.85 barrels per share x $50 = $242.50

This is only my opinion!

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