SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Revision History For: Condor

No earlier versions found for this Subject.


Return to Condor
 
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.