Saturday, March 12, 2011 6:25:16 PM
440 million barrels of oil
at * $100 a barrel
----
44,000,000,000 a.k.a. 44 billion dollars
recovery rate 60%
---------------
around 25 billion dollars
lets just say conservatively speaking fep has just 70% of sc72 so lets round it out to 20 billion give or take.
20 billion
just 10%profit margin would be 2 billion
fecof's25% 0f 2 billion = 500mil
fecof minimum $500 million and thats just one aspect of it....besides the stock multiple will certainly be higher than its cash equivalent. once again, thats just the oil.
by the way.i dont know for sure if the recovery rate for the gas is only an average of 60% , and / or if oil has an even higher recovery rate than that. Maybe a pro on the subject can enlighten me/us on that one.
thanks, just food for thought
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