I'll have a rough guesstimate and say on your estimate of 29 MMbbls OIP, assuming less 40% unrecoverable leaves about 18 MMbbls recoverable, (Very much open to debate) at a reasonable $100 a barrel, is $1,800,000,000 less 50% for Taxes, expenses set up and whatever equals $900,000,000 devided by about 800 million shares equals $1.125 less say 20% because its far off production, I reckon .90 cps for this find, on your estimate for OIP. Still early days though and nothing is confirmed, but wouldn't it be nice.
ERH Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held