Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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From: Taikun	3/2/2006 10:30:26 AM
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MSEV/PTII/HAO oil sands news Patch the Major Partner on Prime Alberta Oil Sands Property Acquisition How much oil?? 51 million bbls!! I can't contain myself. For PBG, CLL, UTS thats called a ROUNDING ERROR! Most expensive oil sands in the world now on sale at your nearest stock exchange. (I will say though that PTII, with its cash/stock position and good management, probably still has some decent value. Assuming they paid approx $3.5m in cash+stock and they got 70% of 51 m bbls or 35m bbls, then at $1/bbl it is worth $35m, so a 10 bagger on their money. Assuming this deal drops their cash position to $2.50 and the oil sands are worth $35m/5m shrs then $7/shr in value for $9.50 total)

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