GREY:AUCAF - Post by User
Post by
Petsaw2on Nov 09, 2007 11:18am
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Post# 13783255
Just incase someones watching...
Just incase someones watching...I was churning some numbers and came up with this: If these guys hit on half of the three holes and they get what others are averaging in the area; this stock will look like this:
3000 BOPD times 13.78% = 413.40 times 90 a barrel= 37206.00 times 365= $13,580,190
Seeing that have about 13 million shares outstanding, we are looking at $1.00 a share in earnings per year.
Now with all the other drill projects they have coming online and the offshore oil well coming into play in 2009 this stock looks like it could go to $10.00 Plus in the next 2 years. It's no wonder the stock is picking-up.
Oh, I mentioned Robert Kamon (one of the directors) took a previous company from listing to 130 times its original listing price but I was wrong; it was 180+ times its original listing price. I hear he feels this company has better upside potential then the one that went up 180 times.
Do your own DD. GLE