Friday, June 02, 2006 9:01:17 PM
We know that the share price should be around .25 right now - That means it will get there. If we complete 20 Wells in Grimes this year:
20 x 1450 MCFD = 2900 x 365 days = 10,585,000 MCF
10,585,000 x 8.00 Conservative = 84 Million Dollars / year
This looks great to me.
With a float around 130 Million = .64 per share as of float.
There is no indication of dilution as we have the upper hand in the negotions on the LOI's.
This accounts for Grimes alone.
Life is Good!!!!
Shermann
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