Powder River Petroleum International Inc (fka PWDR)

[jjgarcia]

Time for my daily rant.

This is just MHO as to what I am guessing is going on here.

First, there has to be some dilution happening. At least I believe there is.

Second, if we are producing 1000 boepd we have greatly increased our revenues. Projections on Bloomberg show the price of West Texas oil next year to average $95.00 pb. I have made a very, very conservative estimate that it would bring in at least 4m per quarter. Thats taking into consideration production days, working interests, etc. That together with selling working interest each quarter would give us 10m per q.
If this were so, people in the know would want the price as low as possible to accumulate. (MMs', Sunshine, the company) That's what is happening now. Therefore, no production numbers till they get their fill.

And, I am sure some people are selling for tax purposes.

What it means to me is that from mid Dec to Jan it should trend back up. Then the company will release some production numbers in early Jan. Another leg up. Then after the k, another leg up in anticipation of 1st q numbers. Up or down from there, depending on how we look. I think up again.

Just MHO. If all does not go well, like I said, I'll ride it all the way to zero.

garcia