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gpg

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gpg

Re: ferab post# 2966

Wednesday, 09/08/2010 8:12:33 AM

Wednesday, September 08, 2010 8:12:33 AM

Post# of 21090
2.3 B barrels * 77% = ~ 1.7B barrels

1.7B * $9 per barrel = $15.3B

assume 130M shares

$15.3B/130M shares = ~$118 per share

Will be interesting to see how the market values this preliminary reserves estimate by Newell.
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