Well it’s an interesting number Goblin but I refer to look at it like this.
If a Billion barrels then HDR has about 23% so that’s 230 000 000 barrels to HDR at 50 bucks a barrel that’s 11.5 billion USD if only 10% or $5 a barrel is profit to HDR that’s 1.15 billion in profit to HDR over time.
Lots of if’s buts and maybes but it’s a nice thought.
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**every 10 cent move in oil equates to $100 mill**, page-18
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