Someone please double check my math but I believe MXXH's 50% stake in the gas portion (using lowest projection for gas reserve of 6 Bcf of gas) is over $13 million which is over $0.04 per share (17 times greater than the current share price).
Here's my calculation:
6,000,000,000 cf of gas
1,027 btu per cubic foot
6,162,000,000,000 btu of gas
1,000,000 / million
6,162,000 MMbtu
$4.50 price per MMbtu
$27,729,000 Gross revenue
50% MXXH stake
$13,864,500 MXXX stake in the Wilcox Formation
312,000,000 shares outstanding
$0.044 MXXH per share