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Gold/Mining/Energy : C.DOY Doreal Energy Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (60)2/23/1999 11:48:00 AM
From: Salt'n'Peppa  Read Replies (2) | Respond to of 133
 
Actually, I didn't run any numbers. I took press release figures that estimated $121.00/share, based on a 10 TCF find, and divided by 10.

Your calculated estimates are probably much more accurate, and I would be delighted with $8/share. Thanks for the correction.
Besides, they are guessing 1-2 TCF, so we may yet see $12, based on your numbers.

They should be able to sell gas at a 100% premium if it is done in Euros, just to encourage trade in the new currency!!! <ggg>



To: Check who wrote (60)2/23/1999 11:24:00 PM
From: grayhairs  Read Replies (1) | Respond to of 133
 
Hi George,

When I first looked at this prospect (before the drilling of the #1 well), natural gas into the pipeline in Portugal was contracting at roughly $3.50(U.S.)/mcf. I'd venture therefore that this gas should be worth better than $1.50(U.S.)/mcf in the ground. So, converting to our Loonies, $12/share is not at all out of the question. Of course a lot of things will have to happen between now and $12/share.

Have a pleasant evening.

Later,
grayhairs


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