"recoverable oil reserves currently 4 million =$546,520,000 revenue" - that is assuming only 2-3% recovery.
4 million barrels is what they have in FLAX as an estimate in 2005 before the LKO was dropped markedly and communication with Juniper confirmed - more likely 8-10 mboi from FLAX alone. Juniper is about 6 times the size of LAX so my guess is that they will eventually recover 50 million barrels plus at times when the price may be over $200 a barrel, for a likely total value of $5 - $10 billion, giving profits after around $500-$700 million drilling and production costs of many dollars per share over it's lifetime.
IMO a $3-$4 share within 12 months.
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"recoverable oil reserves currently 4 million =$546,520,000...
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