51.9 mmbbls of 3P oil reserves @ $90/bbl = $4.67 billion
2.5% ORRI in Warro with possibly 1.1 tcf of natural gas @ $4/Mcf = $110 million
50% in Phoenix with possibly 3 tcf of natural gas @ $4/Mcf = $6 billion
Total value of potential oil & gas reserves = $10.78 billion
Current market capital = $135 million
Outlook not so bad, just need some patience, and a bit of luck...
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51.9 mmbbls of 3P oil reserves @ $90/bbl = $4.67 billion2.5%...
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