"1P (Proven) reserves are worth approximately $50 - $60 per barrell and 2P in the order of US$20 per barrel (as a rule of thumb). This is from an expert in the industry that works on M&A activity on a daily basis as a profession."
If he is correct then the reserves that NWE and AWE are touting for this EP413 are being grossly undervalued by the market. I look forward to them appreciating.
NWE Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
