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!
