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Re: EdF post# 584

Friday, 09/29/2006 11:21:36 AM

Friday, September 29, 2006 11:21:36 AM

Post# of 6709
Going by their figures, which we can safely assume they are not bloated in any way, since they figure oil at $58 bbl, and 28 days p/mo (if I'm correct), I'd say that sounds about right.

I'm told they are in a very productive field, and obviously, they're proving it. If their estimates are 130+ bpd, and they can swing that, I'm sure that'd make the company worth atleast an $8M-$10M market cap, especially if oil prices rise over the next few months.

L~



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