Replies to post #11925 on PGI Energy, Inc. (PGIE)

[bkbirge]

That is very true.

[bkbirge]

A quick google says that a land based oil rig costs between $1mill (used) and $10mill (brand new) to build. Forget the fact that it's just internet info and run with it for fun...

At the $1 mill/per x 50 land rigs = $50,000,000 --> $750,000,000 profit
At the $10 mil/per x 50 land rigs = $500,000,000 --> $300,000,000 profit

So potential achievable share price from this single purchase deal...

Most conservative estimate, 2bill share maxed out, PE 1, $10mill per rig =
$0.15/share

Most optimistic estimate, 896,176,646 shares, PE 1, $1mill per rig =
$0.837/share

If you want to get even more complicated put the PE at a top of 10 and a bottom of 1/3, means a low of 0.05/share all the way to a massive $8.3/share, lol.

Stick with a PE of 1 or lower though, it's a safer bet.