International Rochester Energy Corp. (T. ROH) 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 : International Rochester Energy Corp. (T. ROH)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ditchdigger who wrote (240)	12/14/1997 11:25:00 PM
From: Ed Ajootian	Read Replies (1) of 934

"If you are to invest in oil and gas, I believe Rochester is simply a stock you should own in this sector. ROH has a strong partner and is loaded with cash, exploring in elephant country. The company has already had huge success. Achieving reserves of 50MMBbls at Palo Blanco and the rest of the Alcaraven prospect is a real possibility, with total potential of over 100 MMBbls reserves. Paine Webber recently evaluated Harken Energy and concluded that each 50 million barrels of oil reserves would add $0.35 value to Harken's share price. This evaluation looked fair and accurate to me, therefore if we use this number and apply to ROH's 25% and share structure: Harken 116M shares X $0.35 = $US40.6M = $55Mcdn Rochester's interest is 25% vs Harkens 50% $55M/2 = $27.5M $27.5/ ROH 8.7M shares = $3.16 or $1.94 fully diluted The odds look very good for 50MMBls which would value ROH between $2.00 and $3.00. ROH has approx. $1/share in cash and prepaid expenses. It is quite possible a target of 100MMBbls could be reached giving ROH a value of between $4.00 and $6.00. The company is looking for other properties which could add value and we also must consider a premium for exploration potential on the stock price. A target of $5.00 could be considered fairly conservative with good possibilities of a much higher price depending on exploration success. We could begin moving towards this target with news on the next two wells planned for this drilling season. ****************************************************** Excerpt from Resource Stocks Advisory newsletter article. See full text at rochester-energy.com OFF-TOPIC, but most important. The kid finally got on the boards today, at Sunday River. They have not got nearly the amount of snow as you guys. But still a lot open and had a blast!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next