ALCRY-A billion barrel equivalent of natural gas Message Board

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Gold/Mining/Energy : ALCRY-A billion barrel equivalent of natural gas

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To: Charles Broderick who wrote (17)	10/13/1999 10:33:00 PM
From: Chris Helton	Read Replies (2) of 22

10 British shares to one ADR Charles. ALCRY seems to be getting some press in England. Cedric Brown is now acting CEO, the company has exercised their option to buy 70% of the Akkul field and now it is on to sell the field to the highest bidder. Last time I commented oil was $17/barrel. with it now in the $20s it seems that it will be easier to sell this field. At $.50/barrel assuming the field has 1 billion recoverable barrels we get $500 million value or $11/share. If we use $1/barrel and it has only 500 million recoverable barrels, we still get $11/sh. Seems pretty reasonable at $1.30/sh. This stock could go to $3-4 purely on spec. hmmm.

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