Replies to post #14534 on OMDA Oil and Gas, Inc. (OOAG)

[DonLeopoldo]

I hear over 150 producing wells.

while we get more precise numbers, my figure is that the cost of drilling those wells is over $15,000,000, versus a market capital for OOAG $8,600,000 at these price per share levels.


So, $0.10 fair value only considering the cost for a takeover company to drill the existing producing wells, regardless of their production which is beeing audited but takes a while.

Not willing to get rich overnight, myself, I don't mind waiting a couple months, LOL.



imo.