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Re: Paras post# 10886

Thursday, 05/03/2007 5:39:14 AM

Thursday, May 03, 2007 5:39:14 AM

Post# of 132364
You are making your entire projections on this one lease package. They have numerous lease packages (see the IBox) as well as owning an O&G services company. This does not include TEAM , an O&G services company which WRNW is in the process of acquiring majority interest in. TEAM alone is a $13+ Million a year operation. And it is not accurate to use only oil. The Birdsall lease is producing natural gas. So you need to include Oil, NG and Service Company revenues...not just oil from one of the leases.

jc