Replies to post #4740 on Value Microcaps Motherboard

[RRainman9999]

Cartonet,

a target for a 500-800 M BOE reserve number is huge...

Interest in this project for them is 13.5%:

so we're talking about a 67.5M-108M BOE net reserve number...

should easily value them at a billion market cap..and this without the other projects..

current shareprice in dollars:
$ 10.36
15.4 M O/S
current market cap: $ 158.6 M (still a microcap)


there's another possible TCF structure in the El Bibane field...they are going to drill this one in 1/2 2006


RR