Replies to post #2062 on Oil and Gas Plays

[LowFloatGoat]

OMOG: I posted some numbers/thoughts on OMOG a couple of weeks ago after they reported a dry hole. I made an error in that post and thought that OMOG had a market cap of $80 million at .01. After some DD, I see that OMOG has OS of about 1.4 billion shares. The current price is .007. That translates to a market cap of $9.8 million. Much more reasonable and I would now view OMOG as a BUY given the recent selloff. OMOG has current production, a few hundred thousand in cash, some prepaid wells, some full carried interests, some current production, and further prospects. They also have a lawsuit in progress that could provide more cash and property. I bought some shares this morning.
http://www.omogoil.com/investori.html