I agree, but since we all have limited knowledge on what the company (AIPC) and the other party to the deal know or have at this time, of course we can discuss, argue and speculate on what the appropriate valuation of the potential reserve/barrel should be, possibly assigning a higher or lower number depending on our position on the stock, to simplify the process, it would probably be a good idea to use the typical value range of $.50-$1.00 that Wall Street analysts and other oil experts use to compute potential reserve. Taking into consideration that this assigned value could vary widely or change dramatically depending on the quality of oil found, if any, when the actual drilling starts.
I guess what I'm trying to say is, unless somebody has the actual research report at hand or knew the right contact person inside the company to openly share this information, it would be impossible to know. In this case, we simply rely on our instincts and common sense. The fact that huge oil reserves exist in the Kazakhstan's area neighboring the concession site is already a big plus.
Though, Qdog, Gregory with a few others have proven and demonstrated that even the very boring technical discussion on the subject can be made interesting, just thought we should probably focus also on gathering more information about AIPC's management to determine how solid and trustworthy they are, most importantly its CEO, Dr. George Farris. More than anything else, I think that's the key right there.
Obviously, some people on Wall Street think he is, otherwise the stock won't be at this level. sycamore |
