Norstra Energy Inc (NORX)

[Day-Dreamer]

Your Est is off a LOT.

"According to the report by Dr. Lopez, Norstra's roughly 19 sections of the South Sun River Bakken Project are estimated to contain original oil in place of a high of up to 16.7 million, an average of 13.1 million and a low of 9.5 million barrels of oil in place per section, based on existing historical data. Reserves in the area are still classified as "undeveloped."

19 sections*13.1MBO/sector = 247MBO * $50 = $17B value of reserves.
17B/150M shares = $115/share