nice close elk .. bring on monday , page-27

"ggambler
RE:a rough calculation:
(1) ELK is worth 23m barrels recoverable oil = 23m x $80US ($1.84 billions US at current price)? market Cap only $22 millions US
(2) INP is worth 120m barrels with 15% recoverable oil = 120m x 15% x $80 US ($1.44 billions)? market cap $ 200 millions US

did I miss anything?"

roughly correct but some things missing
the ELK part is correct.
the INP part should be 120m barrels x 0.75 (ownership) x 30% (the mean recovery rate, between 15 and 45 lets be fair). x US$80 = 2.16billion

basically it is 23million barrells recoverabel for ELK compared to INP 27 million barrels recoverable with the 30% mean recovery rate. its basically a 1:10 difference for something that is quite similar /.....