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Re: RonnieD post# 8189

Wednesday, 05/31/2006 1:54:42 AM

Wednesday, May 31, 2006 1:54:42 AM

Post# of 46028
I knew I should have stayed away from giving a solid number, but alas, I don't think it is that big a number.

Especially not with the company being only at the very beginning oil production.

As I said, all I do is to provide a theoretical framework. RonnieD, had NDOL stayed stand alone, you would have needed $24m in net earnings to reach $2.17/share. How is that any more or less achievable?

I am not making any value judgements, I am talking in relative terms. In a scenario of combined enterprise or NDOL, on all measures, the combined enterprise is relatively more valuable based on what we know.


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