Something's not right. I'm not what this geologist is basing the value from. Oil hasn't been $50/barrel since around 2009. I believe oil was $90-$100 in March 2013.
F- 13
Grid Petroleum Corporation Notes to Consolidated Financial Statements
Oil and gas properties are summarized as follow as at March 31, 2013:
Proved
Unconventional Acreage
$ 7,026,666
Oil was 50 a freaking Barrel! Now 107 a barrel!
GRPR if they have gotten there sht together easily worth pennies.