I'm guessing that there are some 2 to 4 billion barrels of oil in the shales rather then gas....

That would make it 4,000,000,000/500,000,000 barrels per share or 8 barrels of oil per share. Lets say 6 barrels at $70.00/barrel = $420 per share with the remaining for development. At 2 billion barrels it would be somewhat less then $210 per share.

I know that this is dreaming in techni-color but it still shows that there could be considirably fewer barrels and there would still be quite a good day coming.

Lets hope that CQV doesn' t go broke.

I was also wondering if there is some connection between CQV and SPE. For some reason these two entities always make me think as if its being run from one position. Does anyone have atake on this.

:)