Thursday, April 19, 2007 5:58:32 PM
crude, quick ex.. be back to do something proper, gotta pick up the kids...
"Management... are confident that, barring the unforeseen, production will increase each quarter."
Given $620,000 in Q1 and 15% increase each quarter,
approx. 713,000 in Q2
approx. 819,950 in Q3
approx. 942,943 in Q4
approx total = $3,095,893 for 2007
$3,100,000 into 70,000,000 shares = .045
.045 x multiple of 10 = .45c / share
this does not take into account lease value, future BOPD, nothing....
obviously well undervalued...
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