Here in interested post on another web site:
Hey Lat
Whadda ya think of MMTE for next week????? Last three run-ups took place on the first day of the week (one was the day after Memorial day).
(.0026 - .0045), (.0018 - .0027) & (.0016 - .0031)
Not to mention the (.0017 - .0060) late March on a B/S P/R
I'm thinking with the news we got the past two days, we could be looking at a run at .005 on Monday.
You gotta check out the I-Hub board for some of the calculations being thrown around. Even if it's 1 barrel/hour, thats 24/day, *365 = 8760 barrels/year *$100/barrel = $876,000/year FROM THE 1ST WELL ALONE and not counting the Nat Gas which is what they were looking for. Now the 2nd well is SUPPOSEDLY gonna produce more based on the oil found so say the same and we're at $1.75 million just for oil/year for the first 2 of 60 wells.With A/S of 1.5 billion thats .0012 being conservative and before any multiple is applied and before the Nat Gas revenue and before the other 58 wells.
I think we're gonna get a ride like the people who rode QMNM from .0006 to .075 but we have no BK hanging over us. The I-Hub & Yahoo boards are about 1/4 as busy as the QMNM boards. Once people start seeing this on all the "stocks to watch" P/R's this weekend into next week, tons of interest will come in.
