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investorstallone

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investorstallone

Re: duelittle2 post# 445929

Thursday, 11/03/2005 7:26:39 PM

Thursday, November 03, 2005 7:26:39 PM

Post# of 4981116
PBLS, I'm liking the company more and more...

Not quite sure that I agree with your comparison though. You compared a reserve # to a yearly production #. A PPB of $52-$57 times 18 wells times average production of 26 bbl/day per well times 365 days ends up being between $8,882,640 and $9,736,740 gross. That's still over 3 times better than ENDE, but not as much as you first stated.

Either way you slice it though, things are looking up...





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