Replies to post #438 on eik''s stock talk

[eik]

NWOG has bought 63% stake in CreditLine, sold 50% of NWOG-MOL,… Why can not they sell their 59% stake in NWOG Inc, or swap it as part of another deal (like get 89% of SNG, pay $10 mln + 19% NWOG Inc)? I am not saying that this will happen – it’s in their best interests to pump NWOG Inc oil (this is part of future deals with Carlyle, for example). But theoretically those are valid scenarios (IMO). Again, if NWOG-CJSC itself is a buyout target than 59% stake in NWOG Inc will likely to be part of the deal. As I tried to show, “worst case scenario” price for NWOG Inc, based on reserves numbers only (if confirmed by audit), is $300-400 mln: PPS $0.5 and more. With future increase in production (or just confirming those CC numbers: 14,600 brl/day, $300+ mln in revenue) the value is even higher.

IMO.