Replies to post #153 on Petro River Oil Corp. (PTRC)

[webejamn]

I have been to the deerfield operation way back when it was megawest energy and up to just a few months ago. I also seen the mississippian wells that Devlon oil had and other producers in the area, and yes they are drilling many wells but it's small production,10 bbl per day at best after a few months of pumping. The mississippian oil in kansas around the moran area and bayard feilds are 1200 ft. wells but the oil is thick just like at gravios's Deerfield operations and they can't get the thick heavy tar like oil to come out of the ground. This is why they had to give up on the deerfield operations. petro river said in the filing that they were not producing, and the value would be in pulling the equipment and pump jacks for use somewhere else. The mississian oil in vernon county missouri is in narrow streaks running southwest to north east, and only a quarter of a mile wide and maybe a mile or so long. My understanding is it is offshore investments that are bring up the stock price.

[Excalibur39]

If you take the Hartleys valuation into account:

$1,592 X 95,000 acres = $151,240,000 (Kansas valuation, Mississipian)

If one adds the Missouri heavy oil with just half of this valuation one gets:

$796 X 32,000 acres = $25,472,000 (Missouri Heavy Oil)

Adding these values one gets:

$176,712,000

We know Gravis ordinary shares might be 2 percent of the float:

$176,712,000 / 100 X 2 = $3,534,240

The number of ordinary shares is 14,080,000:

$3,534,240 / 14,080,000 = $0.25

Conservatively speaking one gets a price per share of $0.25 if you JUST count the price for their Oil land...

All IMHO!

EX