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Saturday, January 21, 2012 11:03:57 PM
Projections are an estimate of future possibilities based on a current trend. What Projections are you referring to, and who made them and when.
Nobody even knows the "fine print" details of EGOH'S farm out agreement with Questus. Not knowing all the details, ie, royalty percentages, unforseen problems, etc., along with a million other details, makes a projection impossible, and worthless.
If the projections you refer to are about the amount of oil still in the Siler lease, that would just be a projection of the amount of oil there, but not the cost of extracting it. I have not seen any valid projections about the profitability of theses leasese.
All that is necessary for the triumph of evil is that good men do nothing. (Edmund Burke)
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