V.EGG - Ebony Gold & Gas Message Board

STOCKTALK

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 : V.EGG - Ebony Gold & Gas

EGG 3.630

-5.7%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis naughler who wrote (830)	7/14/1997 2:01:00 AM
From: Scotty Grubb	of 1088

Hi Dennis, You are right EGG will probably consolidate about 1.90 then we can build towards its real value. I estimate its value based on a very consevative 1500 BPD netting our return @ $15 USPB(that is after transpotration cost's and payment to Ledbetter).This gives cash flow of$22,500US per day, if we assume 300 days annual production=$6750000US converted to Canadian $ that is(X1.36)=$9180000 less approx $2mil for overhead, leaves roughly 7mil divided by EGG fully diluted @8.5mil shares gives a value of 82 cents per share and that does not take into consideration our daily gas production or the fact that our drill program starts this week plus other open wells that have not been brought to prodution as of yet. I would think that a resonable multiple of 8 puts todays value near $6.50. I have been there Dennis and I would stake my repution on the total validaty of EEG's assets and huge potential that lies ahead. As I said before THIS IS JUST THE BEGGINING. All our phone lines are now back in opperation, the 800# by pm tommorow. Thanks Dennis for your comments and to all on the thread. Regards, Scotty.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next