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MWM

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Alias Born 03/31/2006

MWM

Re: EricVan post# 79677

Wednesday, 10/31/2007 9:27:24 AM

Wednesday, October 31, 2007 9:27:24 AM

Post# of 381633
Why not? Just compare Market Caps!

STXX is over $140 million

CHAG is at about $7 million

CHAG will probably do about $1.5 million minimum in the 4th Q this year because of the way Oil has increased...

The previous owners, Caldwell Production Co. Inc. reported March production of 2212 barrels and 2850 mcf gas, substantially below calendar year 2006 average production due to operational issues, and extremely wet weather, a logistics bottleneck caused by a fire at a regional refinery in February 2007. We took over on April 16. April production was 2016 barrels oil and 3179 mcf gas. Production for May was 2671 barrels oil and 3950 mcf gas, and June production increased to 3100 barrels oil and 5931 mcf gas. Gas production and sales volumes are equal. Oil sales volumes in April were 2349 barrels; May amounted to 3123 barrels and June oil sales increased to 4255 barrels.

More than likely they are doing over 6K barrels of oil by now and maybe close to 10K mcf of Nat Gas...

CHAG is worth the lotto ticket if you ask me...

Comparing it to STXX it should be at $2+!

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