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Gold/Mining/Energy : OEL.V Osprey Energy Limited -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (472)	9/12/2000 9:36:14 AM
From: The Osprey	Read Replies (1) \| Respond to of 1134

Rock on Osprey...2million Barrels of proven reserves of OIL and 12Billion cubic feet of gas.I am getting bullish here.Will crunch some numbers and get back to the thread....Let me see 2 million X 30.00US=$60,000,000.00US for oil X 147% for conversion=$88,200,000.00Can 12 BillionCF of gas at 5million US per billion =$60,000,000.00 x 147%=$88,200,000.00Can No wait a minute.These proven reserves are in the ground.Lets take 50% of the market at 15.00US per barrel for oil and 2.5 million us per BCF. OK that is still 60,000,000.00 X 147%= $88,200,000.00 divided by 11,000,000 shares O/S = $8.018/share Canadian and what is this trading at??????I would say this is severely undervalued people based on reserves.Ok let's be realistic and say but they have to get it out of the ground and this requires money....Knock off 20 million Canadian for costs and you still get 68,200,000.00 divided by 11,200,000 shares fully diluted and you get $6.20/share.... Gues this is just Cotton valley field and as you can see I have discounted the reserves by 50% based on price and allowed 20 million dollars to come off of that discounted amount to be on the conservative side and you still get 6.20 per sharefully diluted.Now I know why the stock is moving up fast. The Osprey