Regent Ventures Ltd RGVNF

RE: metaldog - FO

[stocktalk2]

After going over a good portion of the info on the FO site it's interesting to note how much the market loves elephant hunting. Gustafson (sp) has given a "potential" estimate of 796 million b/o and 17.5 tcf of reserves for the Hungarian property. In the interim they have raised $49 million and spent $10 for drilling pipe, as well as completed the first test well that is awaiting completion. The market, based on these estimates and efforts has given FO a market cap of over $2 billion with a lot of work and who knows how many tens of millions to be spent on that project alone. Now, taking a look at REV, we have some estimates of reserves etc which is already posted and of course the Triple A fund with $100 million commited for the project. Does REV qualify as another great elephant hunt? Considering the two outstanding share positions of each company I would think at this point that the only thing holding back REV is the yet to announced team of people that will develop the opportunity in Poland. From what I understand, these people are well connected and have a proven track record. At some point in time REV will have to explode with the kind of "potential" it's sitting on. Nice place to be right now.