below is a post from yankemike it does a nice job of determining sp for erhe. other variables outlined in my last post are going to factor in one way or another wouldnt you say? its like playing the game of clue ...it was xyz who found oil and/or gas, who was than bought out by a company with good intentions, at a price which hindges on the price of oil? Maybe my horizon for this company is longer than yours?
: YankeMike Date: Friday, March 13, 2009 6:00:05 PM
In reply to: RUBY1100 who wrote msg# 155045 Post # of 155098
Eaxctly Ruby.
Posted by: YankeMike Date: Tuesday, December 30, 2008 10:18:25 AM
In reply to: None Post # of 155055
Formula for share price:
S.P. = [R * 0.1(OP)]/ 722M
S.P. = share price in dollars
R = Proven oil reserves
OP = Price of crude oil in dollars
So if you plug in 344M barrels of proven reserves, and an oil price of $70, you come up with a share price of approximately $3.33.
This formula gives a ROUGH APPROXIMATION of the share price based on proven undeveloped reserves. Obviously, many other factors need to be considered.
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