Just Received-HOT!
VIP Investor Alert: Redwood Energy Ltd.- V.RWD
An excited management waits for news about the commercial viability of the Windy Point, WY, USA natural gas 'Well'. Canadian 88's (EEE.on TSE) time estimates bring the'Well' into the formation pay zone sometime today, or possibly tomorrow.
Knowingly, RWD receives a 10.16% interest on this Windy Point 'Well'. Shareholders and management alike await the flow capacity numbers from its JV partner 88. Petrogeologist believe the recoverable reserves to be around 300-500 bcf with 30-50 bcf
NET to Redwood. This HIT could be the largest natural gas discovery in over 20 years in the USA.
The diversification of RWD's holdings throughout North America makes this junior oil and gas company quite attractive. The Company's Haro South, Alberta, CANADA holdings continue to generate more focus from the investment community. This oil producing 'Well' could be a significantly better Pay-Out to RWD. With the recent
increase in oil prices and the Company's low production cost of $6.50 cnd, the Company will net around $12.50 US per barrel. Currently, RWD earns four million barrels from its 12% interest on 12,160 acres in this area. The Company will net about $50 million US at
current fixed cost less the current world price per barrel at $17.00. With 6.5 million shares outstanding fully diluted, RWD's book value, JUST on the Haro South productions,
works out to be around $9.66 cnd.
V. RWD- Redwood Energy Ltd. Trades on the Vancouver Stock Exchange and
continues to move up in price. Any Savvy VIP INVESTOR can work the numbers to see the true value in this natural gas/oil Company. Currently, the Company is up 30% from $0.85 cnd in just 14 days to $1.05 Bid-$1.15 Ask, with respectable increases in Volume.
(This report should be viewed as information only and does not constitute a buy/sell
recommendation.)
For more information contact #800-631-8127 |
