If the prospective report is correct in its analysis that "the low estimate for oil (pending discovery) is 126 million barrels", then my own personal calculations would indicate that this (low amount) would still substantially increse the valuation of ENG share price. This is what I've come up with....and please remember I'm an amateur at this just trying to make sense of it all. OK here goes.......... to simplify the calculations, lets just say they discover 100 million barrels, and that oil is at $100 / barrel. That translates into 100 million X $100 = $10 Billion. Now ENG gets 10% of that which equates to $1 Billion. Now I know nothing about the actual costs accociated with extracting the oil and building infrastructure to transport it, so I'm going to speculate (perhaps over-speculate) that ENG would pay approximately 40% (of their share) to extract the oil/gas. So that would bring down their "share" to $600 million market cap (after costs). I guess what I'm trying to say (figure out) is that the market cap for ENG on a discovery of 100 million barrels would be somewhere in the 600+ million dollar range. When dividing $600 million by 44 million shares, I get a SP of approximately $14/share. Now imagine the market cap and SP increase if the discovery is in the Billion+ barrel range.....how much higher the SP would be. Does this make any sense to anybody....BRITNICK? ERIK2?.....or am I totally off my rocker today? Go easy....remember I'm no expert, but just trying to understand it all. A.