NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: M. M. Jones who wrote (2662)	2/12/1998 2:53:00 PM
From: Sidney Reilly	Read Replies (1) of 4736

Molly, <<The value of the field was estimated at $129,870,000 by Geophysik, GmbH exploration director Dr. Erhard Kohler using the Financial Times, January NTMEX price of $2.22 per MMBTU. As these reservoirs represent approximately 10 percent of the exclusive lease NAMX said that the lease could yield more than $200 million over the next seven to 10 years. >> If they estimated the value of the field they must have estimated the size of the reserves. NAE doesn't need to hire an engineering firm to add 2+2. You posted: <<I'm heartsick. I know that Paul Ebling knows the difference between estimating the value of a field given a hypothetical size for the field, and estimating the extent (size) of a field using appropriate testing techniques.>> You posted this as if you knew what you said was a fact which you can't. You have not confirmed anything with NAE or Geophysik. So what is your motive for joining in with posting misleading and unsubstantiated information as if it were true? That's a hypothetical question, I believe I already know.

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