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Strategies & Market Trends : Ride the Tiger with CD

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To: El Canadiense who wrote (164272)	7/22/2009 12:14:12 PM
From: whenitgoesup	Read Replies (1) of 312985

IAE.v .70 +.09 after today's NR. Stockhouse post by Duffman... "Using the numbers (all numbers are bopd net to IAE) in the news release of 5920 (initial flow rate), 7400 (May 6th pump enhancement), 6257 (Jacky June avg) and 7455 (Total June avg). One could estimate Jacky produced around 500,000 barrels this Q. Add in the production from Beatrice of roughly 1200 bopd and total production for the Q is probably somewhere between 500K and 600K barrels (net to Ithaca). So 500K to 600K barrels produced, cost of production for IAE is $17 (I believe). So at $60 oil say $40 profit. By my calculations IAE should have earnings of between $20 to $24 million or 0.12 to 0.15 per share. So I ask the question again why the &^$# are we still trading in the 0.60s. Best part of the NR was the part about being able to extend the lifespan of Jacky throughout 2010. It seems that there is much more oil in Jacky than was originally anticipated."

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