If it is $20Bilion for 40% of 10Billion barrels then that equates to US$5 per Barrel of discovered O&G as we discussed earlier and not yield as was postulated by some.
So if we are lucky enough to discover that Saturn contains 40Billion Barrels .... then our 20% will be worth US$40Billion or just under US$5 per share ....
I'd be very happy with that ... but it begs the question of who would have enough money to buy us out .... the Saudi's, IMHO, are the only ones that could have enough $ to consider such a move .....
If it is $20Bilion for 40% of 10Billion barrels then that...
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1.2¢ |
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Mkt cap ! $89.50M | |||
| Open | High | Low | Value | Volume |
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| PCL (ASX) Chart |