Dec. 5 at 6:16 PM
$RECAF As discussed by BR several times this KW1-X structure is almost 20km long and 5km wide. Let's use 50% of that as "oil bearing" structure. That would = 21,127,403,951 barrel capacity. Let's also say the source rock has a 20% porosity factor, fairly average. That would mean we potentially have 4,225,480,790 BILLION BARRELS OF RECOVERABLE OIL.
If we take 70% of that (our portion) and use
$7 for the "in the ground price" our value upon validation instantly becomes
$20,704,855,871 divided by 400M shares =
$51.76 PER SHARE.
These are hard core proven reserve valuation numbers ONLY. They do not include any other assets other than the real proven reserves valuation of this well. In other words REAL and based on one asset value.
This is ONLY a possibility but IMO a real possibility. And the real hard numbers will be a reality in the next 6-8 months.
Even if we just get 25% of this it's
$12.94 PER SHARE. A number I think most all of us would be happy with in 6-8 months.
JULY 4TH PARTY ANYONE!