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

To: pogohere who wrote (103428)6/21/2008 3:40:27 PM
From: kollmhn  Respond to of 206093
 
pog0-

I believe that poster has a few errors. Most importantly, his reserves are off.

IAE claims their year end 2007 2P were 26mm boe. Furthermore, anothr poster claims (though I haven't verified it) that mgmt says the Beatrice acquisition to close shortly, is 19mm boe and the Stella 20mm BOE.

That changes the whole argument, imo.



To: pogohere who wrote (103428)6/21/2008 5:32:21 PM
From: LoneClone  Read Replies (1) | Respond to of 206093
 
From my research, Ithaca will be able to finance their field developments strictly thorough debt and do not plan any equity offerings, so they have no need for END's cash flow.

LC


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