guesstimating reserve figures, page-18

Someone's just made another 160k shares available for you at 26c there, 618 - you want to grab those ones as well? :)
I'd love to but don't have a plethora of cash atm.

The reason I asked for guesstimates of reserves figures (while still trying to determine my own) was because my calculations are very similar to yours.

I think that getting 100bcf (17bcf net to STX) out of Rayburn has been predominantly (almost entirely) de-risked since there are already 3 Duncan wells producing over 10mmcf/d which I presume will see them go close to producing 10bcf in their lifetime, (the upper limit they expect to produce per well from their presentation). If we conservatively assume that the GF wells can knock out around the 5bcf figure (the lower range, since GF1 flowed at only 4mmcf/d) then we have almost 50bcf firmed up before any further drilling. And with 100bcf = 26-31cps for strike, I'm fairly comfortable that buying at these levels represents good value.

Any more than 100bcf reserves would force me to believe that I should be selling my left kidney to get some more STX, and I do expect reserves should firm up to be more than 100bcf.... but I guess we shall see. The sellers at the moment must disagree.