Replies to post #51 on Manzo Pharmaceuticals Inc. (MNZO)

[StocksR4Me]

ULTRA conservative estimate for next year assuming:

1. Oil falls back to $23 a barrel.
2. Only one well (NOT two) producing 2500BOPD.
3. No gas sales/joint venture.
4. Allow $3mil for FOGC admin.
5. No additional wells drilled.


2500BOPD x 30day x $23 Price per Barrel = 1.725 mil/month
FOGC NET = APPROX. $1.17 Million USD/month
(company provided estimates based on $23/barrel after costs to produce and Pertamania/Carmanah's cut)

$1.17mil monthly x 12 = $14.04mil annually

$14.04 - $3mil for admin = $11.03mil net profit

11.03mil / 17.3mil ss (after all warrants) = .63 per ss

Say 10-20 pe and we got a winner: $6-12 within a year.