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Re: localoil post# 6722

Tuesday, 06/26/2007 10:35:17 AM

Tuesday, June 26, 2007 10:35:17 AM

Post# of 45174
Local, I will qualify my value with three assumptions, all of which I expect to happen-- SEC audit, BB listing, JL getting someone to manage operations correctly. Based on production and a moderate increase based on well openings, I just did a comparison to a listed company and came up with 1.25. I've done them before and listed some of the companies here. but it is easy to get a range of .70-1.50 in comparison. The comparison is easy, it is the debate about the assumptions that makes for the soap opera.