Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Yarek Szolomicki who wrote (6355)	4/30/1999 1:04:00 AM
From: mike smith	Read Replies (2) of 24892

Yarek, per review of the limited information available on this company it appears that Raptor has prudently moved into natural gas plays recently and away from some of the deeper, higher risk, oil plays that it was pursuing in the past. After 3 quarters in 1998 the Company had negative cash flow, partially as a result of the exorbitant G&A costs of $687k which equates to a staggering $9.00 + per BOE (prudent companies typically run at $2.00 per BOE or lower). To support their current stock price of $0.20 they will probably need cash flow in the $.05 to $.06 range over the next 12 months or a decent Net Asset Value (ie. sizeable reserve base) Do you know what cash flow forecasts for the Company are for 1999 and 2000 ??? Also, have they added any recent reserves through drilling done in the winter ??? Mike

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