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Re: monda2frida post# 8300

Monday, 03/26/2012 11:22:06 AM

Monday, March 26, 2012 11:22:06 AM

Post# of 67193
I agree, it would depend on the price of the sale, the perceived value of the shares after the sale, which all depends on what deal Wilmont accepts. The only way to value right now is the industry standard value of the oil in the ground which wildcatdriller posted a while back of $2 max per barrel of oil reserves. That would price the stock at about .05 to .10/share based on the current known OS share count. But there are possible deals where it could go much higher, such as if Wilmont sells controlling interest in the company (Wilmont's shares) to a real oil company with a real track record, and they get the oil pumping this year. Then it could go to $1.00-.50/share, especially if the new owners buy back shares or already own a lot of the float. But a price over .10/share would take oil pumping and TRRC fines paid, and wells tested before it got that high.

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