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Re: Imperial Whazoo post# 19019

Friday, 10/27/2006 1:01:57 AM

Friday, October 27, 2006 1:01:57 AM

Post# of 35788
IW...SERG.OB has 31.56M Shares Outstanding

And is trading at $2.50 with 5 wells.

BIGN.PK has 330M Shares Outstanding.
Approximately 10x the O/S than SERG.

So for comparative sake, let's divide $2.50 by 10, and assuming all other things being equal, BIGN with 5 wells (which could happen any day now or may have already happened) should trade at approximately .25 cents.

Not bad!!! (This is assuming that SERG's 5 wells are all ng wells.)

***And BIGN may arguably have better producing wells than SERG (if Grimes 3 & 4 = Grimes 2 production).

IMO GLA (Hopefully, I got the math right, if not, please correct me. And yes, I understand that SERG is an OB and that BIGN is a PK. Nevertheless, a pretty good comparison. Good find IW.)

IMHO DYODD