Bosco & Crossy's stock picks,talk area Message Board

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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (8133)	3/7/2005 6:24:14 PM
From: Patentlawmeister	Read Replies (1) of 37387

ARD - i did notice the production was increasing ... it was running around 793 bbls/day avg. for the 4th quarter and ended at 1100 bbls/day on 12/31 ... at this rate of increase all of the 21.5m barrels might be extracted in 10 years (?????, just a wild and crazy guess). In any event, do you think management is conservative in their discounted cash flow analysis of $304M? I.e., it seems they're trying to tell the Street they thing the stock is now quite undervalued. 8K out tonight, not sure if this changes your analysis.

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