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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (40094)3/11/2005 4:42:28 PM
From: Area51  Read Replies (1) | Respond to of 206336
 
Thanks.

By the way I was sloppy when I said that ARD enterprise value was less than $1 per BCFE. What I meant of course was that with approximately $116 million in Enterprise value and 126 BCFE of reserves the reserves are valued at less than $1 per mcf.

Now I'll see if I can figure out what your ratio really means. 15,000 per billion barrels of oil, or less than $1 per barrel of oil can't be right is it?

Best Regards,
Area51



To: Taikun who wrote (40094)4/16/2005 12:16:46 PM
From: DaveAu  Read Replies (1) | Respond to of 206336
 
Taikun,

Good find on NEL. You get a 47% gain in a little over a month with the takeover announced yesterday at 2.50. I did some DD after seeing your post and picked some up as well.

Dave


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