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Eaglewood Energy Inc EWDYF

Energy Oil & Gas E&P


GREY:EWDYF - Post by User

Eaglewood Energy Inc > Finally
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Comment by timinoeon Jul 26, 2013 5:14pm
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Post# 21633624

RE:Finally

RE:FinallyYes there is. New Guinea Energy just sold their 50% stake in PPL269 which is directly north and adjacent to EWDs 259 concession for $40M. Doint some quick math an noting that there are no major discoveries acutally on 269 this would value Eaglewood's 65% stake in 259 north of $50M. Not bad for a company trading with a $23M market cap. Also this does not take into account any additional value for Ubuntu or Stanley. In essence, EWD is severely undervalued.
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