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Alias Born | 07/30/2007 |
Thursday, June 17, 2010 11:09:37 AM
If you do the math you get WITH EOR at 37% interest about 20 barrels per day per well at 10 wells thats 200 barrels per day at 50 bucks per barrel 10,000 bucks a day or close to 4 million bucks per year, which translates to about 2 cents per share, this is what the company is up to, right now the company looks very very cheap, and that is not consisering caddo or panola, both with huge possibilities. With natural gas steadily gaining visibility, we are talking huge returns on the shale plays in these regions as well
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