Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

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Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

0.0%

Sep 30 5:00 PM EST

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To: Jim Hitchie who wrote ()	4/7/1998 4:07:00 PM
From: Jim Hitchie	Read Replies (1) of 223

Just to get a reading on investor expectations, what would be the reaction out there to a number like 10 million barrels for the potential of the field found by this first well? Keep in mind that CCX has: 1) a 100% Production Sharing Agreement with CUPET and 2) about 35 million shares outstanding and 3) stated they will net about US$7 per barrel before payout and US$5 per barrel after payout and 4) to raise the money to develop this field. Would 10 million barrels get you excited or would you just yawn? Would the stock trading around .40 per share be about right or should the stock be trading much higher? I'd really like to know what you think. Post your opinion here for all to see. Thanks.

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