TSXV:BRS.H - Post by User
Comment by
RGS1on Jan 19, 2004 9:21pm
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RE: News too ! more $ in the till !
RE: News too ! more $ in the till !SVC is involved, but has about 5 times the number of shares out. I believe however that the Howard County project is a Bonanza shot not SVC. It looks to me that the Natural Gas hits are bread and butter. 4 out of 4 so far and 10 more in the short term means increasing revenue !! I think the Howard County is a re-entry, meaning, a high likleyhood of success. This would give BRS major upside. I hear that they are hoping for 150 bpd and if so would do 8 or so infill holes. At $20us per barrel we would see $800,000 plus per month from this, add the gas and perhaps we are closer to $1mil us per monthr. If 12 mil shares out and $12mil in cash flow = $1.00 per share x 4 (cash flow multiple) gives you a $4 stock price. I smell upside and dividends anlong with VERY little risk ate these prices. It will not happen tomorrow but over the next 3 to 6 months and then watch out as the cash starts to hit the till.