Arcon Energy .... Another Sleeper Message Board

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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper

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To: Ga Bard who wrote (177)	1/31/1998 4:40:00 PM
From: Andrew H	Read Replies (2) of 626

>>I believe, because of where the location which is an average of 300 per day, there are zeros missing in the reserves. LOL If there is then that is even more meat and potates because the 3.6B will be accurate and the reserves extremely consevative which I like because they have not overstated the reserves. << Well, I don't think we are going to see 3.6BB. That would make the shares worth $130/share based on the reserves in this one small leasehold alone. Irrespective of other assets like DF-144. Below I have copied a portion of your post 18. If the leasehold should contain the estimated 300MM mcf, at $1/mcf, there would be a value of $300MM or roughly $11/share. It would be interesting to know who sold them this very valuable parcel of reserves and to know how much they paid for it. Must have been awfully cheap considering the capitalization structure of the company. Its a lot easier to believe in the future potential of DF-144 than to see how someone sold a few billion dollars worth of reserves for a couple of million dollars. BTW, do you have a phone number for Will? I'll stop bothering you with these questions and ask him. I know an awful lot of people who would want to put money into this if the figures are verifiable. Thanks, Andy >>Early indications are that the Company's leasehold could contain an additional 300,000,000 mcf or more. <<

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