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Re: clairmontasap post# 1539

Wednesday, 03/12/2008 2:10:07 PM

Wednesday, March 12, 2008 2:10:07 PM

Post# of 2474
As we both now have a pretty good position here, maybe you or others can help me to understand something. If we have proven reserves as we know we do of 6 billion cubic feet as of February 2007, and it is valued at $2.50 per Mcf in the ground, that to me works out to $15 million, which with roughly 71,500,000 shares outstanding gives a minimum valuation of about $.21 per share to our shares, yet we are trading at $.05. Does the market just not get it yet, or what?
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