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REAZO

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REAZO

Re: Badge714 post# 43545

Thursday, 01/15/2009 10:33:02 AM

Thursday, January 15, 2009 10:33:02 AM

Post# of 51429
Interesting purchase. Thanks for posting Badge. Maybe a good buy, I don't know. I didn't see much about their reserves though. Production is minimal (even compared to Hemi)

The production consists of a modest 16BOEPD (100Mcf) of Coalbed Methane Gas from seven (7) connected wells out of thirty-four (34) wells

In order to compare to Hemi, we got to see reserves. Although we don't have updated reserves, as a starting point or reference we could use Hemi's old report of 2.15m proven and another 5m as probable.

I hope you were posting for informational purposes and not trying to make a comparison that Hemi is only worth $2m.

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