I was wondering if you fellas might help a novice oil investor like myself as I am confused about the potential of Bounty and other exploration stocks.
Bounty appear to have numerous 'prospects' to work on, some with large quantities of oil and gas. I added up just the targets mentioned in up coming exploration, BUYS share was 200mmbo and 1 Tcf gas. Then I divided by 3 to account for dry holes and attached an in the ground price of $8 / barrel equivalent. The figure was so huge i figured I must be wrong!!!
Any advice on this topic would be much appreciated.
You fellas would have to know more about this than me!!
Regards
Pixby.
valuations
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