FME 10.0% 2.2¢ future metals nl

Quick calc of value of Puntland play20 billion barrels of oil...

  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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