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From: Jerseyfish1/24/2012 12:43:10 PM
of 1531
 
EEGC

Just suppose EEGC has only 1 billion barrels of oil and the retail price per barrel = $100

Still supposing;

You own 1,000 shares of EEGC stock

There are 422 million shares outstanding.

If you divide 422 million shares into 1 Billion barrels = 2.369 barrels per share.

Now suppose the value to the shareholder is only $10 a barrel That means each share is = to $23.69

So the 1,000 shares is worth $23,690.

So if you owned say 50,000 shares you would have stock worth $1,184,500.

Nobody knows the exact amount of oil in Tasmania but if there is many more then just 1 billion barrels then your worth would increase that many times over.

Let us not forget about gas and other goodies to be explored .

My point is that for a small investment the potential is so great its mind staggering, and it really doesn't matter what you paid for your shares the return is so great you won't even think about it.
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