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To: ogi who wrote (118591)	6/13/2008 6:23:49 PM
From: Cheeky Kid	Read Replies (1) \| Respond to of 313121

Thanks

To: ogi who wrote (118591)	6/13/2008 9:25:08 PM
From: LoneClone	Read Replies (1) \| Respond to of 313121

Or to be semi-flippant, oil seeps are, like, so last month. Why haven't NOG announced a potash or coal acquisition? They are, ya know, like, so out of touch! LC

To: ogi who wrote (118591)	6/14/2008 3:12:10 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 313121

I hate to tell you guys this but 43,000 bbls of oil production (total) is pretty much nothing.....being kind that is only $500M per well (@$120/bbl)....how much is it costing to drill, case and perforate, then produce? I doubt they make $150k per well...at 30 bopd that would be $3,600 pd cash flow and the well will produce for 4 years so they can make the $150k-$200k+/- profits....this does not take into account any workovers that might be required, any fall off in production as the reservoir is drained, or oil dropping into the $75 region........that is about a 40% reduction (pretty close to a fib number too) and would reduce their cash flows as well.....BWDIK? Only way I see this working is scale of numbers....how many wells they going to have? What are the guys on the various O&G threads saying about NOG? I don't own it right enough but have no reason to bash it either. Wayne