highly significant oil discovery.., page-20

Thx for that,
Hartleys valuation is $3.18c, it's way under that now.

I guess it's too soon to start guessing, if we had some idea of how many barrels there was, probably based on their existing data, we could determine the price as follows;

1. Shares on issue = 132,083,885
2. Share price = $1.05
3. Cap = $138,688,079


4. Price of Oil = 145
5. Processing/shipping cost per barrel = 20
6. GP = 125

7. Est quantity barrels available = ?


Cal 6 x 7 = Estimated resource dollars
Cal 7 / 1 = Est value per share


Is this how it's done?