Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Casey who wrote (175)	6/2/1999 4:49:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 272

Casey, No biggie, just that whenever we see the financial results of this company we are reminded of how much of an uphill battle it has to overcome the financial hole its dug itself in. $5.8 mm for interest expense is a lot of change. Also, the production numbers indicate that the non-Oakvale Dome production has declined pretty steeply, which is particularly unfortunate given the company's financial state. The amount of pay was not as large in this well as it was in the Howell. But they found 40 ft. in the Harper whereas the Byrd well is producing 10 mmcfd from 24 ft. of Harper pay just a mile away. Question for the field experts out there: can we extrapolate amount of pay to production rate for the same formation a mile away? If yes, then that pay plus the deeper stuff should result in 20 -- 25 mmcfd for this well. The Howell well took almost a month to complete and test but this one should go a lot quicker. Also, now that they hit this well we oughtta be hearing some financing news any week now. By the end of the month the company's financial picture will be a lot clearer than it is currently.