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Fishing at Surfside

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Fishing at Surfside

Re: shouldasold post# 12221

Tuesday, 08/15/2006 10:21:20 PM

Tuesday, August 15, 2006 10:21:20 PM

Post# of 35788
If they are selling all or part of 90 million shares in return they are getting 275bbls/day in oil which is about 6 or $7M a year if my math is right, plus the rigs, personnel, etc. Also probably an experienced CEO to sit on the board for 2 years.

Add a total of 5-8 Grimes wells or better by the end of the year and the revs are somewhere around 10 to 15 million.


JMO - Do your own DD.

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