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

To: KyrosL who wrote (90898)	9/21/2007 9:56:50 AM
From: KyrosL	Read Replies (3) \| Respond to of 206330

Increased by ENT position this morning at an average of a little less than $1.42. My uninformed WAG of what their properties for sale are worth is around $50 million, which, together with the dividend suspension for a year, should allow them to pay off at least half of the bank debt that brought about the drama. Wish somebody with some oil/gas experience will take a guess at what the properties are worth. By the way, they represent roughly 12% of ENT's reserves.

To: KyrosL who wrote (90898)	9/21/2007 11:19:24 AM
From: wildandwonderful	Read Replies (1) \| Respond to of 206330

Kyrosl these production figures look good to me.Is this their best or worst production.How much revenue stream they lose when they sell these.If it is their best production then they must be in a bigger trouble then they are projecting. As for how much this properties are worth,in Appalachian basin we get 3 year Gross or 5 year Net Dollars for our properties. You need their working interest,Operating costs,average price of oil and gas, decline factor etc to take a good guess.