you would be crazy to sell under 2 dollars, page-5

risktrader,

I'm enthusiastic about KAL too, but 12000bopd is a little high, as that would be 5m bopy and so the resource would be depleted in just 5 years. Also, this would take, @1000cf CO2 per barrel, about 12mcfd or 25% of the available local CO2 pipeline capacity!

Recovery might be more like say 2,000bopd or about 730,000bopy - thats around US$34.3m (@US$47 profit/bl) per year. Still a good number as PE is at least 8-10(?).

If they can get more out of the ground per annum, then WOW!