LRU

[rossi]

did some comps last night that point to four to six dollars per share in the not too distant future.

My comparisons are based on mkt value per section, and mkt value per recoverable bbl., whichever is most comparable.

IMVHO, PFM will be better than STP in share price appreciation. I have placed my bets accordingly. STP holders, don't be offended. STP is a great story too, and you will make good there, I just think PFM is the cream of the crop right now.

Some point out that the exact location of our land not being disclosed increases risk to PFM holders - you are absolutely correct - it does. But, what you must do is to quantify that risk vs the benefit. The risk is so darned small IMHO. If that risk were removed, ie. the exact coordinates of our land being disclosed, you would pay another dollar per share instantly. I am willing to make that wager. I will repeat what I said earlier, "I have not yet found a bumb deal" that did not set out as a Pump and Dump. And 40 sections at 100% WI is as far away from a P&D as you can get. The very fact that so much has already been done without any pumping, speaks to the legitamacy of this OS asset play.

I used to think that the easiest to pick lowest hanging fruit was gone in the mkt. Boy was I wrong, this is as easy as it gets.

AIMHOBWTFDIK,DYODD,GL,VE
nb

PS: My eariest comps were pointing to $1.50 based on 23 sections in the ST. Now with 40 sections of land and only an extra 4 million shares - you do the math. My gut feeling is we likely paid 3-4 mil for the newest 17 sections. The best of it is that it is CONTIGUOUS LAND. This is very important; it cannot be emphasized enough. The synergy and economy of scale will attract more and higher bids down the road when we get taken out.