Replies to post #5035 on Axis Energy Corp (AXGC)

[Win4me]

I believe you are right. Agreed.

@ $70 a barrel and 2Billion barrels ? estimated or confirmed (can't remember the NR right now) the 7% that VNX carries has to be worth a whack more than $10 or $460M Can.

2B barrels X $10? inground = $20,000,000,000 X 6 2/3%

= 1,340,000,000$$$ US

just rough math or in other simple terms a lot friggin more than they tried to sell for and there is a lot more area to drill in their concession.

Now seeing as the NOC is VNX's biggest partner in that concession and it seems is having a junior try to dictate terms to it.......one day we will hear word of a buyout.