Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (70739)	8/10/2000 10:15:28 PM
From: The Ox	Read Replies (3) of 95453

Please understand that I've never researched the company so my questions are based on the data I'm seeing rather than the "real situation". The numbers show PRZ is near the bottom of jim_p's discounted cash flow sorting. Please look at the $24/share reserve value assumption I made. This is based on the total value before the cost of extraction from the ground. Is it fair to say that at least half of the "value" will be lost in cost of revenues (SGA, production costs, etc.)? If so, can one be confident enough in the company to assume they will improve reserves enough to generate the necessary revenue to justify the current $22 share price? I know I'm showing my ignorance but you all can help a poor fool out, now can't you<vbg>! MH

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