Pedevco Corp. (PED)

[plaintif2000]

Great question, we know from past history

that the stock can reach a price of near 20.00 bucks in
about 6 months time. of course there is a trust overhang
that can mute this somewhat, but you are asking for a
year out...

w/ 3 rigs operational by Christmas, the company could be
getting say 50,000 /day rev, say 20 days/mo so 12M / year
first year...but they will need to have a secondary, imho,
half way into the year to tripple the number of blast rigs,
guestimating. so will have say 50M shares outstanding
(it will be less than this) round up to say 10 rigs forward
toward mid / end 2006, round off to say 200K/ day 25 d/mo
5M/mo rev, do 10 months 50 mil, service ind. rev / share @
1 buck, but growth prospects plans to add more rigs etc
looking at 10 bucks / share by the end of next year, id
rather look 2 years out. id say you need 2 at least 50,000
shares, ie a 25,000 investment 2 day...

fuzzy math here but i kinda like to alternate between under
and over estimating...to come up w/ something fair...

frankly i'd like to have 100,000 shares of this, but something
else needs to make a jump first...by then it won't be as
cheap...

do you know anything about alberta O&G seems they will be
working w/ them closely at a low production field during
the testing period...they have state side low production
fields so the co will not have 2 commute to canada to
do the testing...