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rubellite0013

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rubellite0013

Re: rubellite0013 post# 9686

Monday, 09/08/2008 2:31:32 PM

Monday, September 08, 2008 2:31:32 PM

Post# of 9742
A few posters here where speculating all NCEYQ had to do was sell of some of their reserves ($1.6 million barrels of oil)and pay off their Laurus debt then they could go on their merry way. Using LEI's discounted PV-10 factor on their reserves value shows why Laurus wants to call in the chips now instead of continuing to finance their operations and receive less later.
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