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Re: bw2003 post# 668

Tuesday, 11/10/2009 2:50:26 PM

Tuesday, November 10, 2009 2:50:26 PM

Post# of 21090
Well...if you start running numbers...make sure you have enough zeros on your calculator!

Hopefully HDY retains at least 20% of the revenue from future production...ideally with a full carry to production. The numbers have so many variables, but for now I think using estimated reserves to be proven makes the most sense...then take HDY's portion of that number...and estimate Proven reserves at roughly $10 per barrel.

$50/shr could happen easy LONG term IMO if Ray doesn't dilute too much more.

My 2 cents to anyone is to take advantage of the early stage volatility...lock in free shares as profits reasonably early and hold the remaining shares long term. Just a few thousand shares held long term could become significant.