All good news my friend. You answered Kookie very well. He came over from the Blue Horse Saloon. I was talking to Blue about SBRX and he chimed in. Blue thinks it worth the risk. Maybe some of his friends will come over and check SBRX out.
Now to your question: I see
1. 163 active wells in Kansas and very well docuemented.
2. 2006 numbers indicate approx. 16,000bbls/yr.
3. 16,000X$100= $1,600,000/yr gross profit
4. Add in Oklahoma and say 2nd Kansas property= $4,800,000/yr
5. Put in conservative P/E ratio 5
6. $24M company value.
7. Estimate 75M O/S $24M/75M O/S= 0.32/s value
8. Not to mention Houston, several active wells there also.
9. We are trading 100 times or 10,000% below fair market value.
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