Thanks for sharing..We are very undervalued looking at this comparison!!
Posted by: eik In reply to: None Date:8/18/2007 10:08:12 AM Post #of 35874
SaratovNefteGeofizika posted results for the 2nd quarter 2007: http://www.e-disclosure.ru/portal/company.aspx?id=2894 Quick look at 69 pages of detailed information, converting them into US dollars, pretending that they belong to NWOG, and extrapolating to the entire year 2007: Sales: $43,059,371.36 Net (undistributed) Profit: $1,150,795.50 Production: 1610.4 bod ~ 590K brl/year (plus 58.5 m3 gas/day)
NWOG’s market cap as of Friday’s close: ~ $26 mln, which is almost two times less than SNGF sales alone… and SNGF produces less than current NWOG numbers. SNGF’s production would translate into additional ~ $0.055 per NWOG share if NWOG+SNGF was a takeover target (ignoring the value of reserves). Plus NWOG itself is worth something (~$0.13/sh right now, according to Malyshev). And what is NWOG’s PPS now?
I'm not a pumper, I'm just an investor who knows how to make some DD.
Why I'm back in NWOG after NDOL make me suffer so mutch 2 years ago ?
Because I've call Dmitry Slonov (Director General of Saratovneftegeofizika JSC)to know what's going on with NWOG buy out. http://www.sngf.ru/en/
I was told that there was a Special/Extraordinary Shareholders Meeting organised the 3 of September to explain why Saratovneftegeofizika shareolder's will benefit to be incorporated to NWOG.
After that, we talk about is company and he send me the last numbers.
Saratovneftegeofizika JSC reported earnings results for the second quarter and first half of 2007. The company reported net profit down 83% to RUR 7.4 million in the first half of 2007 from RUR 45.44 million in the same period last year. The company had a net loss of RUR 2.387 million in the first quarter and a net profit of RUR 9.8 million in the second.
He explain me that due to special expense they are making less money this year, but they will be back on track next year. (3.5M$ in net profit/year)
After that, I was inform that NWOG will have a partnership with "Rosneft-Termneft Joint Stock Co" to drill and explore Saratov region.
Rosneft-Termneft Joint Stock Co.
International subsidiary Krasnodar, 350468 Russia 7 8612 67 67 32 , 7 8612 67 23 59 fax
Company Description: Mining: Geological survey for the oil and gas industry; development of geological and technical standards for deep well-drilling; research projects; design and manufacture of equipment for the recovery of thermal oil; installation of power supply equipment for the production of thermal oil
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