You may recall that there were 2000PJ in the contingent category and now there are 1241PJ in the 3P classification and 784PJ in the contingent so a further increase in the 3P reserves is possible.
What is of further interest is that these numbers do NOT include results of Cameron-26 + Cameron-27 which flowed 750,000 scf/day and 1,000,000 scf/day respectively of dry gas.
Just to adjust your calculation there are 95 million shares + 30 million options which would modify that value to $7.92 * (94/125) = $5.95.
PES
pepper residential securities trust no. 21
