Replies to post #360 on Osage Exploration and Development Inc (OEDVQ)

[longinvest]

That's a good analysis, but they have already surpassed the US production numbers. They are currently producing over 700 BOEPD according to their website. The $2.00 target is much less than 24 months away. I give it more like 2 months away, if even that. All in my humble opinion of course.

[swanlinbar]

Thank you Ed for the great read on OEDV.I have been adding more OEDV & RGDEF the last few weeks.I think the bottom was in on both.gl

[longinvest]

I would say that those numbers are extremely low. Here's what I can figure from just three of their producing wells:

Wolf is producing around 800 BOEPD
Krittenbrink is producing around 600 BOEPD
Blevin is producing around 550 BOEPD

So that right there is 1950 BOEPD and we are barely into 2Q... 1Q will be very interesting. Hang on I think we are in for one heck of a ride IMO!

Oh.. Don't forget the Colombian assets! It brought in $3.8 Mil last year. Here's what they said about it on their website:

"The significance of the Colombian assets to Osage goes well beyond the revenues and cash flows they have generated. Together, they have enabled Company management to operate without prematurely burdening the company with debt or issuing equity at overly dilutive valuations. With the cash flows that the Colombian assets provided Osage, management had the time to assemble a portfolio of high-quality domestic exploration properties. The same cash flows continue to cover most or all of Osage's overhead expense today."