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Gold/Mining/Energy
DRA - DRAIG ENERGY LTD
An SI Board Since May 2000
Posts SubjectMarks Bans Symbol
15 1 0 DRA
Emcee:  David Michaud Type:  Moderated
Introduction Market Data Compact
draigenergy.com

Recently announced results for the three months ended December 31, 1999. Revenues totalled $3.7 million, cash flow was $2.0 million or $0.19 per share, and net income was $0.6 million. Production during the three month period was 1,384 boepd.
Net asset value of $4.11 per share using a 15% discount rate 35 to 40 well drilling program for 2000 targeting average production of 1,900 boepd.

For those investors wishing to hold the stock over a longer time period, the company appears to offer good value with projected cash flow for 2000 of $10.2 million or $1.00 per share. Using a typical price to cash flow multiple of 4, Draig's shares should appreciate to the $4.00 level over the next 12 months, thus nearing the company's current net asset value.
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15 good deal for NAE.UNDavid Michaud-5/29/2000
14 Take Under offer for Draig. NAL Oil & Gas Trust - NAL Oil makes offer to kingfisher-5/29/2000
13 Sprott is putting out much different numbers then CanStock. ...shorts really gDavid Michaud-5/26/2000
12 On May 16th Sprott issued a market perform on Draig with a 12 month target of $kingfisher-5/26/2000
11 DRA was just featured in "The Canadian Oil and Gas Bulletin". ...the David Michaud-5/26/2000
10 ...David Michaud-5/24/2000
9 GAU were forecasting $7,000,000 in cash flow for 2000 equal to 49 cents per baskingfisher-5/22/2000
8 R, what CF to you expect from GAU for 2000 ? ThanksDavid Michaud-5/21/2000
7 DRA has a 4 mmcf/d hedge on natural gas at $2.85 until October 2000 and a 200 bDavid Michaud-5/19/2000
6 Thanks for your response David. Management have made a big mistake to hedge 60kingfisher-5/17/2000
5 According to DRA's 2000 capital program, approx. 60% of the 2400 boe/d prodDavid Michaud-5/17/2000
4 I'll find out about that tomorrow. Either way $1 CF for $2/share is not baDavid Michaud-5/11/2000
3 I will short Draig because I think they have hedged gas at a low price.The sharkingfisher-5/11/2000
2 Draig to buy back common shares Draig Energy Ltd DRA Shares issued 11,201,152David Michaud-5/10/2000
1 Noticed this thread on Draig Energy.I e-mailed a question on what hedges they hkingfisher-5/10/2000
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