BB's Stock Haven

[ash111]

MXXH-.0024- every should read this,IMMENSE VALUE- techno53 Share Tuesday, November 16, 2010 2:59:44 AM
Re: None Post # of 15893

Consider this:

USGS data provided proving an average of 600 bbls per acre foot on 100 foot of potential pay over 82.2 acres provides for a potential of six million bbls over the lifetime. Conservative expectations are for 80 percent gas and 20 percent oil and condensates over the pay zones over the lifetime on the well.

6,000,000 x $86 per barrel x .5 = $258,000,000 / 305,813,470 shares = $.843 pps + the gas reserves of 8 billion = approximately $1.00 pps oil and gas expectation