Leah Industries, Inc. (OTC-BB-LEAH) Message Board

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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)

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To: CYBERKEN who wrote (927)	12/25/1998 8:33:00 PM
From: Andrew H	Read Replies (1) of 2153

A recovery in the price of oil would benefit LEAH much more than many producers because of the low cost in Russia. Irwin said in the interview that for each dollar increase in the POO (price of oil), .75 went directly to LEAH'/s bottom line. I don't know how that comes out in EPS, but I know it is quite substantial. Look at the earnings they reported with oil prices at 20+ year lows, and imagine what they would do at higher prices. In the interview, Irwin said that by the end of the year 2000, the were looking for 2 1/2-3M bbls of oil/month from their Kazakjstan properties alone.

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