screwed , page-26

Sorry Orabanda...my mistake, $1.4M...I read it here.

"Hi M20,
I am unsure of implications of more shares being issued versus positives of puntland and Texas well results, ... but your calculation is incorrect, ie.,
17500 bopy X $80 = $1.4m per year, .. not $14m per year."

As M20 (not being a downramper), actually apologised & stood to be corrected, I thought it fair game to use those numbers?


You wouldn't be interested in the numbers I would use, as 3P would enter into the equation.

Basically if you multiply the BOPD (3P) by the $USD/Barrel, then divide the result by the number of shares on issue, you can get some idea of the value per share - in fractions of a US cent. Depending on the exchange rate your calc may be less than or greater than mine? Give it a go!

I am happy to be humiliated in public, yet again.