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Wednesday, October 28, 2009 9:18:55 AM
we are an Oil company - with oil rights with NO PROVEN OIL
What Market Valuation would you give to a company with 3 Employees / no annual revenue / and a colorful history of investigations, operating in Nigeria.
[Currently just under $1/2 Billion]
ALL with NO PROVEN OIL [*YET]
We have to abide by our Partnership agreements which means we can say SQUAT until the Operator does or risk losing our FREE CARRY
- just chill
- the co. is on record of estimating over 300 MM Bbls in JDZ 2,3,4
even at a low 100 MM BBls we may be worth considerably more than current valuations
all IMHO
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