Peter Strachan from Stock Analysis 30 Aug 2017
"StockAnalysis values a discovery of 5 million barrels to be worth 13.5 cps to Triangle Energy’s (TEG) 30% working interest, 1.3 cps to Whitebark Energy’s (WBE) 15% interest and 0.5 cents per share to Norwest’s (NWE) 25% retained interest."
The 0.5 cents per share is only based on 5m barrels but it could as high as 160m. The 3D will give us the answer.
What the frack?, page-104
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