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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (10122)	6/14/2005 5:18:17 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: Target for PAR.OL especially inportant is the fine print from their OSE news release.. they hint that this acquisition does NOT IMPAIR their acquisition strategy in Africa ! Bingo - hats off to management !! What's the company worth ? Depends on financing. This acquisition doubles firm output on a going forward basis (per early 2007). Before my target was 75-100NOK, now it's 110-135NOK depending on the circumstances. Note that this is a rather cautious "first order target".. Bill Powers once hinted that the 10.000bopd is a milestone not many junior E&Ps can pass. We just set our sights on it and pending extraordinary risk factors ensured to pass this grade in about 18 months if not sooner. On Canadian Internationals, 10.000bopd producers often get valuations north of US$ 1bn.. That would give us a target for PAR.OL for 180-200NOK and beyond.. stay tuned - exciting times CROSSY