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Re: arch_oil post# 7069

Friday, 06/09/2006 11:26:13 PM

Friday, June 09, 2006 11:26:13 PM

Post# of 35788
30 year old company, yup that's it alright....they have equipment coming out of their asses but all that stuff will be parked up at Grimes later this year and early next year when they have 50 wells slotted this time next year. 50 wells slotted generating 30-50M+ in revenue. This is NEW revenue too. Basing this on 50 well, 300mcfd, 6.50 NG.

Add on Charring Cross, Nex Mexico WWNG, all the new leases LOI, Tyche leases, additional Grimes wells. We have 180 wells leased at Grimes.

And to think people are selling this at .036 today. Are they fucking nuts or what ? No patience, no insight, no belief. It can happen. This company can become a billion dollar company within 2 years.