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cynic2005

05/31/06 1:54 AM

#8198 RE: RonnieD #8189

I knew I should have stayed away from giving a solid number, but alas, I don't think it is that big a number.

Especially not with the company being only at the very beginning oil production.

As I said, all I do is to provide a theoretical framework. RonnieD, had NDOL stayed stand alone, you would have needed $24m in net earnings to reach $2.17/share. How is that any more or less achievable?

I am not making any value judgements, I am talking in relative terms. In a scenario of combined enterprise or NDOL, on all measures, the combined enterprise is relatively more valuable based on what we know.