Engineers have valued the PV10 of the reserves at over 300mm conservatively (I deducted the 28mm XTO liability).Current market cap is 250mm. Is there additional legal liability that warrants this discount?
Also, if I am correct, there is recoverable oil in shale under the Wyoming leases.
Does the trust get a share of oil in Wyoming? It may not have been a part of the deal.
Yes. Other lawsuits pending, however there is a decent chance of a recovery from XOM.