Replies to post #9686 on New Century Energy Corp (NCRE)

[rubellite0013]

A few posters here where speculating all NCEYQ had to do was sell of some of their reserves ($1.6 million barrels of oil)and pay off their Laurus debt then they could go on their merry way. Using LEI's discounted PV-10 factor on their reserves value shows why Laurus wants to call in the chips now instead of continuing to finance their operations and receive less later.

[Trueheart]

My apologies for the mistake regarding the exchange on which it is listed.

The rest remains the same.

Trueheart