Wednesday, August 21, 2013 1:24:52 AM
How can we keep missing good parts of info from latest 10Q?
May be we are way too focused on Asher?? Why??
On Page 9...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9466911
The Company received a reserve report from an independent petroleum geologist as of March 31, 2013, which utilized the following assumptions:20% working interest (14% net revenue) supported by a “ P10 ” factor, a 10% recovery rate, value for oil of $50 per barrel, resulting in an approximate value to the Company of $8,200,000, an amount in excess of the $7,112,000 recorded on the accompanying consolidated balance sheets.
We are trading at 0.0008 PPS. Do the Math!
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