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Re: NMState94 post# 6950

Saturday, 03/03/2007 1:26:51 PM

Saturday, March 03, 2007 1:26:51 PM

Post# of 33904
Wow, a $612,000,000 market cap! I hope you are right. I'm going to stick to my original prediction though.

http://www.investorshub.com/boards/read_msg.asp?message_id=17005068

NAEG is probably going to hover around 0.015 until the first loan tranche is received. Once this is announced and they begin to disclose some actual production numbers, NAEG should begin an uptrend to 0.035 in the next several months. I think a market cap around $50,000,000 is realistic, given all the information we have, and of course, 1.224 billion shares outstanding. They are going to have to reactivate a lot of wells, which were historically producing only XX bopd, to justify a market cap above $50,000,000. Perhaps the market will think my prediction is too conservative, but until we know how much crude is actually being produced, this is all just speculation.









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