Replies to post #811 on Valor Energy Corp (fka VLEN)

[joeseph]

Actual numbers are closer to this...

Of course variances must be allowed for shutdown and maintenance.

300 +/- x 10.03 = 3009.00 per day.

3009.00 x 365 days = 1,098,285.00 per year.

Subtract royalties, taxes, interest and the like from this.

Now, figure the overhead (comparatively nil). Now, figure the risk involved (New Century carries the majority of the risk). Now, while you're still thinking about it, figure out how a company that is worth literally nothing (and was worth less at the time) concocted a deal like this with virtually nothing.

Now, multiply these deals and we see revenue.