RE: Tar sands13 Jun 2024 09:13
Just looking over a morning cuppa and when you do the numbers for the Utah project it is pretty crazy really. Even if it 10 dollars per barrel to quadrise, at 40 barrel /day (per well) for 100 wells using a P/E of 10 it would give us a MCAP of approx 150m. They are all bottom end figures considering the potential for 500+ Wells but it would still put our share price closer to 10p. The potential just in utah is enormous. Imagine if the Chinese decided to explore the technology and extraction methods.