FEC Resources Inc. (FECOF)

[styl]

here goes a crazy math analysis....i'm sure its not gonna be perfect because it depends what grade gas/oil which we dont know yet. and i'm not sure if its the way the industry values their assets but out of curiosity this is what i come up with..

natural gas per cubic foot has roughly 1000 btu's

so... 3.4 trillion cubic feet = 3.4 quadrillion btu's

there are 1,000,000 btu in a mmbtu

so.... now we devide

..... 3.4 quadrillion into 1,000,0000btu's

and we have 3.4 billion mmbtu's
multiplied by $3.85 per mmbtu

and we have $$13.5 billion in worth....minus a shitload of expenses..and still.if they manage a 10% profit margin.and for all i know that might be too high or too low......fep could make 1.3 bil......if they actually find 3 times the tcf <10tcf>then maybe they make 3 bil.

the price of mmbtu could triple or be halved.its a big variable.My guess is it goes slowly upward since the futures analysts keep telling me that natural resources are in short supply to demand and should continue to rise.

Maybe i'm wrong to try to figure it out this way..but i was just curious.i really have no idea how they really value the assets/worth of unexplored gas...glta.