SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : coastal caribbean (cco@)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Edwin S. Fujinaka who wrote (2603)4/22/2001 11:48:19 AM
From: will3  Read Replies (2) of 4686
 
Does anyone know if they have drilled for oil on those Federal leases and actually found any oil or natural gas or do they simply "suspect" that there may be millions of barrels of oil. If the latter is the case, the sale of those leases can give us shareholders some estimate of the value of the CCO leases. If an oil company is willing to pay X for 365 million barrels of oil, the CCO leases should be worth 30 times that amount (we have tens of billions of barrels) :-)

Of course, there are many other considerations, but at least we can get a ball park figure. This really does hinge on the fact on whether or not they "know" there is oil on those Federal leases.

Will

PS I, personally, am bothered by the stock price. I guess no one really knows what is going to happen and the market hates uncertainty. Any other explanations?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News