Not sure if this is right but share price works of the idea of company worth?
If so
current shares quoted is 698,839,762
If 7tcf is found and 1tcf equals 1 billion dollars then.
buy 15% of pep11
7 X 1 BILLION
7,000,000,000 X 0.15 = 1,050,000,000
1,050,000,000 / 698,839,762 = 1.502
that would make buy worth about $1.50 on just pep11 if gas found.
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Long time reader, First Time writer-inner
Hold BUY50% BPH15% GBA20% MEO15%
market cap
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