Replies to post #8766 on Friendly Energy Exploration (fka FEGR)

[JohnnyBlaze]

$FEGR
As of 2012 the leases the company owns were worth $462,407
www.texas-drilling.com/operators/friendly-energy-services-inc/286572
map of their leases...

Mar 10, 2014 - Only 34mil shares outstanding!

Based on 34mil shares and considering they have $460k worth of oil leases and considering the shell itself is worth $150k ($610 divided by outstanding shares = a share price of $.0179 based on their assets! WOW, crazy undervalued here, no wonder MM's holding shares, they must no something really big is coming!

We just need an operator to come along and start making us some serious money!

[mick]

a solid go for oil and natural gas in texas.