US Oil & Gas Resource USR/Vancouver Message Board

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Gold/Mining/Energy : US Oil & Gas Resource USR/Vancouver

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To: sipila who wrote (30)	4/1/1998 11:48:00 AM
From: NeverLost	Read Replies (1) of 58

What, you wanted an overnight return?? I still maintain that we will see $1 within the week. Look at that news release. While the coal gas well doesn't produce huge amounts of gas (100K-200K per day), it produces for a very long time. The official plan is to drill 60 wells THIS YEAR (not just 30). Phone the company, phone the promoters. Do some research. The company as it stands right now has a cash flow of $0.15/share. At five times earnings the shares should trade at $0.75. With the new wells in production $3-$5 is not unreasonable (within the year). TTYL

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