So the other week I posted, my back of envelope calculations on...

So the other week I posted, my back of envelope calculations on if we found 200 to 300 Million barrels of Oil.

Post: 41852418.



So over the weekend, I did the same, back of envelope calculations, only this time I changed the figure's to 480 Million barrels of Oil, as stated on the November Presentation.



So if we take $4.00 @ 200 Million barrel's of Oil, we get an price of $00.17 cents per share.
But, if we do happen to find the 480 Million barrel's of Oil @ $4.00, we get an price of $00.41 cents per share.

What a big difference in share price if we, do find oil, on our western acreage.

That's is also excluding, any Oil found on our other tenements, Yukon, Central and Eastern acreage and also HRZ.

So while these are only a guide and based on MY own calculations only, which I might possible be wrong and I am keen for any body to correct me.

IMHO.

Regards

Rossi70