Replies to post #100103 on Value Microcaps Motherboard

[Bobwins]

I forgot PRC. US based driller working in North Dakota, Texas. They have a great partner in Texas drilling ngas wells. Only 10% WI but they are thinking about bringing in a second drill because it's been very successful. 500-1000mcfpd, steady and reliable. Also doing waterflood on several old oil well fields in Williston Basin in Dakotas. Spudding high impact, deep oil well this month. Could really help their production and cashflow if it hits.

Analyst has 3.50 price target. Waterflood is boring but reliable in increasing production. Expect 4 to 6 X production to 1100bpd range in 2011 from current 200.

Experienced mgmt that just started company pretty recently. They also have 5% of an offshore drilling partnership that has been successful in several offshore wells. May sell their partnership interest to generate cash for more onshore drilling.

Bobwins