Wednesday, May 03, 2006 3:30:24 PM
Here is a short list of "comparable" (capable of being compared to) otcbb and pinksheet oil companies. As clearly evident, with the exception of CHAR, they are inferior to NDOL:
1. BDGR.pk: Currently trading in range of $1.45-$1.60
revenue: reported $1 million last quarter, or 440% lower than filed by NDOL. BDGR is estimating 2006 revs at $14m, or 1,328% lower than NDOL's 2006-2007 estimate. BDGR is non-reporting pink. Inferior to NDOL
2. CHAR: Currently trading in range of $5.75-$5.80. Buyout took place a few months ago for 40% of company (remaining stock not controlled by LukOil) at $5.80/share. Buyout price for 40% was $88.6 million, or $8.13 per bbl proven/prob reserves ($5.80/share). $5.80/share price is severely undervalued. 2005 revs were $150m. Total reserves = 45m bbl. Similar revs and reserves to NDOL, but lower O/S. However, pps is locked at only $5.80.
3. BSKO(E): Currently trading in range of $1.50-$1.65. O/S of 116.3m (per Yahoo). No revs. Older wells in western Kazakhstan. Minimal reserves. Vastly INFERIOR to NDOL.
4. COCG: Currently trading in range of $1.55 to $1.60. No revenues yet. No Assets as of 11/05. No reserves. First project just announced. Vastly INFERIOR to NDOL.
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