CoreStream Energy, Inc. (fka ZLUS)

[patchman]

Well lets start with ONE well and work it from there.

ZLUS has one well. It is not yet producing and the shareholders haven't a clue as to what percentage of that well is even owned by them. there are agreements and investors that continue to minimize ownership.

With no revenues and no cash on hand, how can 3000 BPD assuming 60 wells @ 50 BPD each be used to valuate THIS company. They have to sign agreements to drill and set the next 59 theoretical wells. We already know that with Well one - even if it were to produce 50 BPD - would not be going into valuing this stock. they own a fraction and shareholders do not know what that fraction is. It could be any amount.

BTW, what exactly is the time frame to the theoretical 60 wells as that too factors into present day PPS. You are valuating them as if they were all producing now and to be used with present O/S. Will O/S dilute with well drilling since the company remains negative profit margin?