Ann: Hickory-1 Well Spudded, page-144

How is this for a post on target price if oil found and is a proven oil discovery... posted in st0ck tw1ts.

"$EEENF ok I will prepare for a f... ton of flack from this post but here goes anyway. I hated math as a kid. However, as a retired adult (retired from 27 years of oil and gas industry) I love math. Now this is certainly not investment advice but just my personal prediction on the stock price WITH a proven oil discovery (pretty solid chance of sucess this go around). Rule of thumb for valuation of proven oil reserves in the ground is one third current market value. Current oil price is a little over 70 dollars a barrel. I will go with 70 for ease of math. One third of $70 is $23.33 per barrel. If found and proven, 650 million barrels of oil times $23.33 is how it will hit the books. That's $15.16 billion value of proven oil reserves in the ground. There are 20.1 billion shares OS. 15.16 divided by 20.1 is 75.4 cents per share. This is not at all counting the Texas producing wells or fomo or any other speculation. So my min prediction for PROVEN oil is 75 cents. Ok beat me up now."