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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Rocket Red who wrote (4845)9/15/1999 7:37:00 PM
From: F9driver  Read Replies (2) of 15703
 
RM
I don't know who Pescod is or how they value but at 1.5 TEF HTPs 8% is roughly 120 BCF.... worth about $170 mill U.S at $1.50 per mcf. Since gas at the wellhead in Kern Cty is currently selling for as much as $1.00 more than that, you could argue that $170 mill. could be near the discounted value, thus $170 mill. divided by 30 mill shares = $5.65 per share U.S. Even if these figures are awfully rough, it could be that HTP is way undervalued even without "Blue SKY" projections!
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