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Non-Tech : Palweb Corp (PAEB) -- Ignore unavailable to you. Want to Upgrade?

To: MJB8743 who wrote (403)	12/2/1997 3:58:00 PM
From: Chas	Read Replies (3) \| Respond to of 2512

I suppose if CBNR does not tell us anytime soon what the numbers are, then we will have to do it for ourselves, which is risky, because we are in the dark. Again, for the exercise, does this estimate of earnings make sense? Fleur David: had a high production rate of 180 bpd. Potential for more but let's say they can do 100 bpd. Say they get $12/barrel at the site, and the field costs $10,000/month to run. 180x12x365-120,000 gives about 3 cents/share on 25m shares. Wyoming Pipe: Trying to get back to $500,000 profit/year. Lets say they they do $200,000 (generous?). A penny a share, say. Cooper: Sales of $25,000,000? x 3%=3 cents per share, say 4 including our stake. But thats not going to happen for a while, it seems. So lets call it 2 cents. OK, we're at 6 cents a share. Growing company 15 x earnings = $0.90 PPP still on the drawing board, but its a genuine prospect. A buck a share. Mike Woods is making money. Any ideas? Mangle me or my math, by all means. (This does not take into account the value of cashflow, which oil production is all about. Nor are these figures any more than guesswork based on the company's own blurb.)