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Fishing at Surfside

07/07/06 11:57 AM

#9277 RE: carshownationalscom #9274

I've seen other estimates on this board between .25 and .35, yours is in line with them.

When the first PR comes out it'll probably take minutes to hit a nickel, I wouldn't want to be chasing at that time.

rldurbin

07/07/06 12:09 PM

#9281 RE: carshownationalscom #9274

Unfortunately natural gas prices are most recently at $5.58 instead of $10.

shouldasold

07/07/06 12:31 PM

#9287 RE: carshownationalscom #9274

Cars, I don't think you should use 14,400 mcf. The wells production will decline some after the fisrt few months, also they are shut down a few days each much for maint. I would use 10,000 mcf for an average to be conservative. Also, I would not expect to have more than 25 wells slotted by the end of this year. I would also use 6.00 for price of natural gas since it has been under that here lately. I would also increase o/s shares to 400,000,000 the total authorized. I still come up with a value of about .20 based on these year end projections. This is giving no value to the acquisitions or wwng or Tyche holdings. Therefore, the stock should be significantly higher than that. jmo Ron