RE: News - frisco/energybullWith all due respect, the numbers are simply incorrect (remember, you asked for feedback!;)). To take total anticipated revenue for the year per share, and tack on a PE multiple as if its an earnings number isn't correct.
For example, in 2005 Storm Cat produced 682 mmcf and generated $4.62 million in revenue (which comes out to about $6.77/mcf). Does this mean that they earned $4.62 million last year. No, they lost $8.3 million due to operating expenses, exploration, G&A, etc.
Your calculation would only valid if there were NO expenses associated with the company generating the revenue, and all revenue went straight to the bottom line. The company is simply not at the stage yet where they expect to have bottom line earnings, its an earlier stage company focusing on exploration and have high costs relative to production.
cheers.