LGO 0.00% 0.1¢ longreach oil limited

from **hotspots1**, page-3

  1. MJR
    1,085 Posts.
    i don't think the market get it's yet!

    If brisbane has a 50% interest in epl 18 and there is 5 mil barells and LGO have a 22% interest in brisbane wouldn't it go like this......

    5 mill barells x $50 = $250,000,000

    $250,000,000 x 50% ( brisbane share) = $125,000,000

    $125,000,000 x 22% (lgo share) = $27,500,000

    Then if we divide LGO shares into the above

    $27,500,000 / 171,000,000 = 16 cents per share!
 
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