Symbol CDNX:YGF
Owns a 2% interest in a very big discovery.
November 21st 2001.
Independent evaluations indicate that the Coalinga property may contain up to 800 Billion
Cubic Feet (BCF) of gas. Given the average rate for gas in California over the past six months of approximately $3.20 per MCF this prospect may contain up to $2,560,000,000 worth of gas. Given the average price of gas each 1% working interest may be worth up to $25,600,000.00 thereby making the company's interest potentially worth about $52,000,000.00.
This works out to about $3.84 per share. |