C.DOY Doreal Energy Corp. Message Board

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Gold/Mining/Energy : C.DOY Doreal Energy Corp.

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To: Salt'n'Peppa who wrote (59)	2/23/1999 11:08:00 AM
From: Check	Read Replies (2) of 133

<<If they find 1 TCF gas, then DOY should be worth around $12/share.>> Come on, Rick! I'm in this one too. But if we're going to hype it to each other, let's do some realistic numbers, shall we? <ggg> Their share of 1 TCF would be 93.5 BCF net, right? I count 13.3 million shares issued and 17.8 million fully diluted, based on the options, warrants and convertibles out there. So to be conservative, divide the 93 Bcf by the fully diluted no. and you get 5250 cubic feet of gas per share. At $ 1.50/mcf gas in the ground (or are the Euros paying that much more?) you get a value of $ 7.88/share. Now how much of your $ 12 is for the Columbian play and their other blue-sky?? CIO

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