This is how I read this most important line :
Improved flow@ 7.5% 0.5625 0.84375 1.125
first figure of 0.5625 is for smallest pipeline (500,000 barrel/day)
0.5625 Million $ per day for STWA comes from operator revenue 7,5 M$/day per 7,5% improved flow per 10%
My only question is the 15$ revenue per barrel for operator, as Alkaline has written 4$/barrel in a previous study. Can you elaborate , please ?
New name account are additional so that make it 7 customers by 2017.
So price per share would be between 7.2 and 14.4 by 2017
That's conservative and reasonable.