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Thursday, August 24, 2006 9:04:47 PM
1) Friday we close green again. How much depends on volume.
2) Monday or Tuesday we get preliminary flow rates from Grimes #3, it's a prolific producer at 2000mcfd. BIGN closes greeen again.
3) Wednesday, we get news about the East Texas LOI. If it's the complete package we have a 150% up day. If the news is focused on one of the lesser options we still close green. I'm not going to predict this LOI as being abandoned for if it was we should have heard about this long ago. Waiting until the last minute for this kind of news to hit the wire would be a real shitty thing to do to shareholders. After all this time, one must assume the deal is green but to what extent. Either way it goes it's a good deal because the company we are working with has it's own equipment and the projects spelled out in the LOI are not small. The full package gives us the equipment to move over to Grimes or Tubbs and 7M in cash flow from exisiting production.
4) The following week we hear about Grimes #4. Another good producer, we consolidate for a few days. New follows saying flow rates for ALL wells will be released in three weeks. This includes Charring Cross, Grimes 1,2,3,4. Flow rates should calculate down time for water build up maintenance but are as follows: 3.6M in revenues based on 25 days up time at $7NG. All I can say here is with 3.6M in revenues this stock should command a 30M market cap right here. That's .08 - .10 cents. It's ridiculous that we are here at .021 RIDICULOUS CONSIDERATION.
Charring Cross 150 mcfd
Grimes #1 240mcfd
Grimes #2 1100mcfd
Grimes #3 1450mcfd
Grimes $4 1450mcfd
5) We receive 2006 revenue projections from these wells and the late 10Q's are filed.
6) We get updates on Grimes next well basket. 8 wells. Seismic analysis underway, planned completion November 2006. All 8 wells.
7) We get updates on Tubbs mid September, first well, status and expected results in $$ Lancaster said 270K per well per month.
8) We get updates on East Texas projects late September, first well and expected results in $$ I know we have 12 wells to rework in West Texas plus the 150 wells to rework in East Texas.
9) We hear news about the LOI #2 and LOI #3 late September and how projects will progress with those wells and when they are planned to start.
10) Early October, once Tubbs, East Texas and Grimes are cooking along we get realistic 2007 guidance for existing wells and new projects underway.
11) We get our name change and update about becoming fully reporting and moving to the OTCBB in mid 2007.
12) We get an update on Tyche activities and updates on the share dividend, details about restriction and when stock will begin trading.
So as you can see we have a busy 2 months ahead. If the full package is obtained at East Texas we have 11M in revenues. Then we build on this number going forward with Grimes, Tubbs, West Texas and East Texas. I figure conservatively 1M per month from all three projects going on simultanesouly. This time next year we should have 25M in revenues and should be profitable and have more projects going on in addition to the three outlined above. Then we have Tyche, Hydroslotter, and WW Oil and Gas to add to out bottom line. Are we still going to be trading at .025 then. If we are then something is really wrong. My guess puts the market cap around $125 million or roughly .40 cents per share. Conservative.
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