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


To: Jerrymac who wrote (98533)4/2/2008 4:29:55 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 206326
 
Jerrymac, Petro Resources (PRC) -- You're mixing up 1P (proved) with 2P (proved plus probable). You keep making those kinda mistakes and I'm gonna have to start recommending some great energy mutual funds for you! <g>

The company declined to provide a value of its 2P reserves in connection with its year-end PR. This is probably not a bad decision, given that there still seems to be some stock hitting the market. Until the big seller is done with their dirtywork its probably best for them to keep a low profile so the good news doesn't end up getting wasted.

Nice to see them doing the CC as planned, this should go a long way toward getting folks more comfortable with their story. Also they will be presenting at IPAA NY next week, and more than likely will be meeting privately with some institutions in NYC then also. With this small a float, all its gonna take is to get 1 or 2 of these big boys interested and we'll be off to the races.