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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by TheJesuson Apr 23, 2010 12:39pm
414 Views
Post# 17024436

RE: RE: RE: RE: 3 for 3

RE: RE: RE: RE: 3 for 3Durango's only pumped 4 bcf their reserves are still 23 bcf thats worth 160 million dollars.If they get 50 cents on the dollar thats 80 mil.That doesnt include the other assets they're selling or the central north sea assets they are holding onto.So I guess ya their north sea assets are worth,what zero.By the way, not understanding what they were getting into with the backout situation was really stupid I'll give you that.Debt free by june sitting on 30 mil cash sounds pretty good to me.No guarantee but we will see.
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