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Gold/Mining/Energy : Fortune Petroleum (FPX)
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To: cmg who wrote (55)6/19/1997 3:28:00 PM
From: Bob (Hijacked)   of 275
 
CMG: Strain Consulting's original value for Sorrel was 7 mmbo at $6.00 per barrel and assuming 15.51 million shares fully diluted. This would equal .22 cents per share. After talking with Fortune, the new per share value could be as high as $2.00 to $3.00.
I show 2 7/16 and 69,000 shares traded today. IMO, the market is not taking into concideration their $1.03 proved reserves and/or East Bayou Sorrel.
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