FME 4.55% 2.3¢ future metals nl

offshore and colombia - where will it end?, page-7

  1. 46 Posts.
    Quick calc of value of Puntland play

    20 billion barrels of oil onshore
    50 billion barrels of oil offshore

    70 billion barrels total

    20% Interest to RMP so 14 billion barrels
    Value of oil in ground at $3 per barrel

    Market Cap $42b
    Divide by shares on issue 207m

    Value per share $200

    Then add Georgia play as well. lol
    Please DYOR

 
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