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oldsailor

10/02/07 2:21 PM

#28070 RE: ragmuff #28069

Evaluation at the current market ppb is hardly a good way to value the assets in the ground as there are costs involved. We have no way of knowing, without a lot more info, what it costs to get the o&g to market. If we're moving to a higher exchange, we'll be able to get what we need for evaluation. Don't hold your breath..as "the past is prolog" and in Regions case that means be prepared to wait.
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Echo20

10/02/07 3:25 PM

#28075 RE: ragmuff #28069

Ragmuff and RGNO Stockholders

So if the oil of RGNO is at least 320 million dollars what would the total value of RGNO be at this time?

Look at the other lands owned by RGNO and then add them up. Certainly the whole of the company is not worth less than the oil it has.

The company could not have 320 million dollars in oil and be worth less than ten million dollars at todays PPS.
The figures could take time to work into the works at RGNO.

Echo20