dont forget also, in comparing RRS to AOI, that RRS will have other value attributed to off shore oil, plus all the mineral rights.
So while AOI get 80% of onshore, and RRS get 20%, RRS are likely to get X % of offshore, plus Y % of minerals etc.
So, I would tip that RRS should hold a MC of more than 20% AOI, but possibly 50%.
The offshore could be larger than the onshore, who knows.
Bottom line, is RRS is in the box seat.
And just for the oil, at 100/b, RRS cut is 10/barrel.
So, if the figure of 15 billion barrels of oil has been floated, thats 150 billion dollar in ground value to RRS. Not sure if this figure is offshore included. Anyone know?
I read a post a few weeks ago suggesting 400,000 BOPD could be a target to think about, 1 Million BOPD also pocked at with a stick.
So, at 10/barrel to RRS, on the lesser, thats 4 mill a day, thats just a bees little fella under 1.5 billion a year in revenue.
Whooooooooooooo!
30 what cents a share?
RRS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held