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Thursday, July 20, 2006 8:50:01 AM
Why???? We will have at least (2) new Grimes Wells, and the first LOI will be completed. That will give the company a value in the .25 range.
We will be over .25 come Jan 1st - Why????
We are already worth the .25 - Nat gas will be over 10.00 - We will have (5) new grimes wells as they will slot the wells in (5) well clusters with one Tie in to the gas Pipeline - We will have finalized the other (2) LOI's - We will have WWNG results - We will have a new name and a listing in the UK with a new Cusip Number - New Cusip requires shorts to be resolved.
There will be other news in that timeframe - My estimates are very conservative - We could easily be at .50 come January 1st.
Note: Watch closely the middle East. Israel wants to drag Syria and Iran into this conflict which will drag us into this conflict. Turkey already has 150,000 troops on the Iraq border which means our many diplomatic meetings with Turkey has OK'd them to take a chunk of Iraq. From an Oil standpoint, this means no oil through the straits of Hormuz. That means no Oil from Iraq, Kuwait, and Saudi Arabia. Obviously no oil from Iran. Venezuela has said they will not give the US oil if we are in a conflict with Iran. That means 30+% of the oil we use will be unavailable. This means very high gas prices and fuel rationing. BIGN could easily skyrocket!!!
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