Maxim Resources Inc. V.MXM

Overview of where we're at / Share Value

[Pennypicker4]

Am trying to establish what the value per 100 barrels per day will be moving forward. I'm quite sure that someone who posted some time ago had calculated this to be 22 cents. But this strongly differs from Burgoyne's estimate of under 10 cents. From what the Market seems to be telling us, there is a lot of optimism out there and I for one would have to think that if this was a DRY WELL we would know by now. Theres lots and lots of speculation going on and no one really knows how this will ultimately play out until NEWS is released with the RESULTS of the exploratory well in Trinidad. But what one can do is to speculate on certain situations bearing in mind that HYPE is often a MAJOR FACTOR with Companies that trade on the TSX Venture exchange, many of which play out as "Pump and Dumps." But what makes Maxim different is that the last NEWS RELEASE stated that they had found SEVERAL payzones in Trinidad. The RESULTS of the FLOW TESTS based on the NEWS RELEASE were antincipated within a "THREE WEEK TIMEFRAME" which is now OVERDUE. Why then one has to ask, would the Company not have told us that this is a "NON PRODUCING COMMERCIAL WELL" ? I think on this basis and the market activity, there is good reason to be extremely optimistic that the results MAY exceed expectations. In my humble opinion anything above 250 barrels a day would be spectacular,considering that there are ,as I understand it, at least six more wells to be drilled in the first quarter of 2007. I tend to think that it is a reasonable assumption to assign "FUTURE VALUE" to the UNEXPLORED WELLS IF and I say IF the results of the FIRST WELL exceed expectations. The share price could be "FURTHER INFLATED" by the HYPE surrounding the announcement of the RESULTS if they come in better than expected. So in conclusion whatever the Barrels per day come in at, there will be good reason to multiply this by at least 3-4 times to cover the same results from six more wells that are planned for the first quarter of 2007. How do others view this situation ?