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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Ken Robbins who wrote (44096)	5/5/1999 11:27:00 PM
From: The Ox	Respond to of 95453

That explains alot. Thanks. As you can see, I haven't spent much time looking into PZE. Probably explains why the 10K isn't in EDGAR<g> I see why JTC was comparing price to sales ratios. Current production figures are only part of the equation as I see it. APA has increased it's total reserves for 21 straight years according to the 10k. This could justify a significant premium over PZE if PZE's reserves are stagnant or falling. Another factor that should be reviewed are the drilling records of these companies. Who's been having the most success per hole is one issue. Maybe we can compare production costs to each company's production revenue and extrapolate a range for expected net margins for each company? Anyone done these types of comparisons for these companies? In the long haul, you need to constantly find new sources of revenue. I am assuming that having access to multiple options allows the company to be more selective when deciding whether or not to drill. The recent APA deal greatly expands their reserves. Big Dog or anyone, do you have any new comments on total, proven and actual reserve estimates given by these companies?