Northamerican Energy (NNYR)

[wyopetro]

CowboyUp5000

I can't really say what the acreage acquisition will do to the stock price - as rrufff stated very well the stock price is determine by supply and demand for the stock itself. However, you can make an estimate of the raw acreage value and thus the value per share to the stock (based on total number of outstanding shares).

Here's one approach to doing this estimate:

1) Visit the Utah BLM mineral lease website at http://www.ut.blm.gov/wh3oandg.html. 2) Look at the last one or two historical lease sales and find acreage sold in the Uinta Basin. 3) Then look a the lease sale results for acreage located in the Uinta Basin and take an average of the cost per acre (this value may have to be adjusted down, say by half, since only the deep rights are being considered). 4) Finally, multiply that value by the prospective 8000 acres NNYG is looking at acquiring. 5) Divide that value by the number of outstanding NNYG shares.

This will give you a ball park number of the raw acreage value in a $ per stock perspective.

Good luck - let me know if you have any trouble with this research (you'll have performed your first mineral valuation).

WYOPETRO