up in germany, page-5

just wanted to check some numbers that seem a bit out from the 1 dollar talk.

So, according to their last quaterly,

there are

194 mill FPS,
64 mill 2008 oppies, likely not in the money.
60 mill 2010 oppies
3 mill 2012 oppies.

So, if we dust the 2008 oppies, then the fully dilluted issued are 194+60+3=257 mill.

range get 10% ( after 80-20, and then 50-50)
So, lets just say that at $120 per Barrel, range get 12 bucks per bo

So the IGV per billion barrels, to range share is 12 billion dollars.

Perhaps someone else could go further to estimate what percentage one wqould apply to its MC for this resource, and then consider, that it might be 5 or 10 bbo.

Another way to consider it what BOPD might be on the cards.
When Rupe was here, i believe the numbers of 400,000 bopd were being floated. So, that would be .4x12=3.6 mill per day = 1.3 billion per year.

That certainly arrives at a higher rating.
1.3 billion dollars revenue, not sure what costs would need to be applied.

But i would go as far to suggest that with that sort of revenue from the on shore only, deserved a mc well north of 257 mill, at one dollar per share.

Add in the offshore, and numbers like 1 dollar or 1.50 just dont sit right and are too lowball.