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Gold/Mining/Energy : OEL.V Osprey Energy Limited

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To: The Osprey who wrote (585)10/23/2000 1:15:48 AM
From: Apex  Read Replies (1) of 1134
 
thanks again for the great dd, but...

what if you used your conservative estimate of 500 BOPD for Cotton Valley instead of 335 BOPD and 350 instead of 340 days.
that is another 165 BOPD X 30 X 350 X 150% = $2.6mil plus another 10 days for another $300,000 = $2.9mil

add the $2.9mil to $10.5mil = $13.4mil / 5,322,000(o/s) = $2.52/outstanding share

$2.52 X 3(multiple) = $7.56

so, now we have a very conservative range starting at $5.88 and ending at $7.56...an average of $6.72

when is oel going to the TSE...or should i ask for the naz
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