Replies to post #541 on Stratex Oil & Gas Holdings Inc (STTX)

[choctaw 02]

Oilcard,
I think this is the report you are looking for.
http://www.redchip.com/assets/reports/ROILPresentation%2011-26-13.pdf

[PlatypusRx]

@Oilcard - Your guesstimate of 30-40MM bbls recoverable per square mile would indicate STTX is undervalued! Let's see: if STTX has 5% of 20K acres in the Whiting JV, that's about 1.56 square miles net; times,30MM bbls/sq. mi, equals about 46MM bbls recoverable, net; times $58.00/bbl, that's $2.7 billion with a "b". Undiscounted, of course. Can anybody tell me what the present value might be, given normal decline curves and such? Whatever it is, it has to be more than the STTX market cap.