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GorillaGorilla

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GorillaGorilla

Re: Traderfan post# 15885

Thursday, 12/10/2009 2:57:40 PM

Thursday, December 10, 2009 2:57:40 PM

Post# of 94785
NEP, yes 40% only happens in 2012... however, it's like a biotech company with one of it's key drugs nearing patent expirery. The earnings get discounted.

The 20% extra should be discounted, however, I think they will make great usage of the cash.

These are my estimates for Q4

Q4
Net Income from oil if 20% takeoff 4,763,103
Net Income from oil if 40% takeoff 2,289,785
Net Income from drilling 3,770,000

So, to me it's primarly a drilling services company... which does a little oil.

rich

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