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SAMNOTSAMUEL

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SAMNOTSAMUEL

Re: Mr. Zen post# 708

Wednesday, 09/21/2005 9:35:40 AM

Wednesday, September 21, 2005 9:35:40 AM

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Doubloon, I don't know how to place a value on reserve statements in terms of accuracy. I think having ownership of 2 rigs should be viewed as a very quality thing.

If the company has big success drilling in today's prices I think $12-$20 or more down the line will happen.

Without so much success, it is probably still well under-valued. I think one thing about this stock I am counting on is a stable o/s.

sam
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