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What do I know though?
Skyrocket when the news hits! Holden and smilin :)
ARET bustin out!!!
ARET - NHOD
The next post I make about IDCN will be ...
I told ya so :)
IDCN simple evaluation **look at this**
According to the latest PR's and verified by phone calls:
Abilene production guaranteed to be a minimum of 500 BOPD (barrels of oil per day) with a nominal of 1000 BOPD and add the estimate from the adjacent properties and Waggoner of an additional 500 BOPD conservative gives a daily production of 1500 BOPD.
1500 BOPD X $70 per barrel = $105,000 per day X 365 = $38,325,000 annual revenue.
IDCN has 15% revenue rights so X .15 = $5,748,750
Oil companys price per annual revenue averages about 9X but let's use 7X because they are a startup.
7 X $5,748,750 = $40,241,250
Take that by the float of 963,262,337 as of 2006-05-10
= 0.0417 cents per share for a stock that is trading at .0025
That to me folks is a slam dunk!
IDCN simple evaluation **look at this**
According to the latest PR's and verified by phone calls:
Abilene production guaranteed to be a minimum of 500 BOPD (barrels of oil per day) with a nominal of 1000 BOPD and add the estimate from the adjacent properties and Waggoner of an additional 500 BOPD conservative gives a daily production of 1500 BOPD.
1500 BOPD X $70 per barrel = $105,000 per day X 365 = $38,325,000 annual revenue.
IDCN has 15% revenue rights so X .15 = $5,748,750
Oil companys price per annual revenue averages about 9X but let's use 7X because they are a startup.
7 X $5,748,750 = $40,241,250
Take that by the float of 963,262,337 as of 2006-05-10
= 0.0417 cents per share for a stock that is trading at .0025
That to me folks is a slam dunk!
IDCN simple evaluation **look at this**
According to the latest PR's and verified by phone calls:
Abilene production guaranteed to be a minimum of 500 BOPD (barrels of oil per day) with a nominal of 1000 BOPD and add the estimate from the adjacent properties and Waggoner of an additional 500 BOPD conservative gives a daily production of 1500 BOPD.
1500 BOPD X $70 per barrel = $105,000 per day X 365 = $38,325,000 annual revenue.
IDCN has 15% revenue rights so X .15 = $5,748,750
Oil companys price per annual revenue averages about 9X but let's use 7X because they are a startup.
7 X $5,748,750 = $40,241,250
Take that by the float of 963,262,337 as of 2006-05-10
= 0.0417 cents per share for a stock that is trading at .0025
That to me folks is a slam dunk!
IDCN simple evaluation **look at this**
According to the latest PR's and verified by phone calls:
Abilene production guaranteed to be a minimum of 500 BOPD (barrels of oil per day) with a nominal of 1000 BOPD and add the estimate from the adjacent properties and Waggoner of an additional 500 BOPD conservative gives a daily production of 1500 BOPD.
1500 BOPD X $70 per barrel = $105,000 per day X 365 = $38,325,000 annual revenue.
IDCN has 15% revenue rights so X .15 = $5,748,750
Oil companys price per annual revenue averages about 9X but let's use 7X because they are a startup.
7 X $5,748,750 = $40,241,250
Take that by the float of 963,262,337 as of 2006-05-10
= 0.0417 cents per share for a stock that is trading at .0025
That to me folks is a slam dunk!
I called again yesterday PM and left a message but no response yet. The PPS has reacted favorably but no news yet. Don't shoot the messenger. Has anyone else tried to call them?
YES, Fundamentals do not ever fail in the long-term, this is a slam dunk and I will be cashing in big on this one.
thedragonfly06: see msg #38720
Buying 20 million shares of IDCN here
IDCN simple evaluation **look at this**
According to the latest PR's and verified by phone calls:
Abilene production guaranteed to be a minimum of 500 BOPD (barrels of oil per day) with a nominal of 1000 BOPD and add the estimate from the adjacent properties and Waggoner of an additional 500 BOPD conservative gives a daily production of 1500 BOPD.
1500 BOPD X $70 per barrel = $105,000 per day X 365 = $38,325,000 annual revenue.
IDCN has 15% revenue rights so X .15 = $5,748,750
Oil companys price per annual revenue averages about 9X but let's use 7X because they are a startup.
7 X $5,748,750 = $40,241,250
Take that by the float of 963,262,337 as of 2006-05-10
= 0.0417 cents per share for a stock that is trading at .0025
That to me folks is a slam dunk!
IDCN evaluation of .05 is coming
IDCN - unbelievable, a market cap of $3.5 million with this revenue and the price is going down???
IDCN - Total Reserves are estimated to be 4,931,800 net barrels having a combined future net revenue of an estimated $150,631,000 during the remaining productive life range of approximately 17 to 25 years.
Wells on the adjoining leases had initial production of over 100 barrels of oil per day (BOPD) on the average with some wells having initial production rates exceeding 1000 BOPD. Most of these wells flowed for over 5 years and 20 years later were still producing in excess of 25 BOPD. Production came from multiple pay zones that are the same zones expected from the East Merkel structures.
AT $70 per barrel = $345 million
IDCN - "This gives us an absolute interest in the properties, we cannot lose them now." The revenue from this CURRENTLY producing oil fields is massive.
IDCN - Great news! This is WAY AHEAD OF SCHEDULE
OT: QBID is done! See news out this AM. Good riddens!
IDCN will close green today :)
All I know is that he sold me, I am selling off some of my turds and moving massive funds into IDCN
he gave me no specifics so I guess not, just said next few days, and ahead of schedule, more than expected so the way I understand it ...no
IDCN - Oh my gosh, just spoke with IR guy, huge news to be released in the next day or so regarding the Abilene project. The project is well ahead of schedule and is producing more than expected. This should really pop on this release.
IDCN was over .005 just a couple of days ago, now its on sale at 1/2 price, nothing but positive news since
IDCN wow, way oversold!
Adding IDCN for the run back up
IDCN .0028 (2) X .0029 (1) and moving :)
IDCN buy volume increasing, here we go back up :)
IDCN bid building, maybe the bottom :)
IDCN may be coming to life, bounce time
IDCN needs a turniquet, I am hemorrhaging money :(
Nah, it's all good, down but not out! Just wait and see.
Let's go IDCN, late day bounce, down $10K
IDCN 2.5 million more here (all out of $$)
Adding 2 million more IDCN now
Adding 2 mil more IDCN now
IDCN on wild coaster ride from hell, heading north again
IDCN huge buys coming in, may blow past .005 soon
.0044 X .0045