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Post# of 42997
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Howardhaftel

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Howardhaftel

Re: roger wilco post# 18881

Tuesday, 10/26/2010 2:06:21 PM

Tuesday, October 26, 2010 2:06:21 PM

Post# of 42997
I can guess but it depends on the going price of oil at the time. Here is a general formula:
400,000,000 barrels (which is super low IMO) and 400,000,000 shares = each share is = to 1 barrel of oil and at $50/barrel net less 1/2 off for the Joint Venture that comes to $25 a share. I would think a conservative number would be over 10 x that or $250 a share +. This is only a guess.

This is only my opinion!

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