American Biofuels Inc C.ABS.H

RE: My 2 cents! PRODUCTION DROPS 1,817 BOE/month

[711666]

YOUR NOT VERY GOOD AS AN ANALYST! THIS COMPANIES PRODUCTION DROPPED 1,817 BOE per MONTH IN 1 YEAR HOW CAN ANYONE BRAG ABOUT THAT MUCH OF A LOSS! WHERE DID THE OIL GO??? THIS COMPANY MAKES NO MONEY AND WHAT THEY MAKE GOES TO ????? "READ THE FINANCIALS" YOU SHOULD FIND ANOTHER STOCK ADVISER! 11,000 barrels in Jan 2008 when 1 year earlier they were pumping 12,817 BOE per month ! GOOD ECONOMICS! THATS REAL PROGRESS! 38,450 gross barrels of oil equivalents DIVIDE BY (3 months) = 12,817 BOE https://findarticles.com/p/articles/mi_pwwi/is_200701/ai_n17144553 Odyssey Petroleum Increases Production by 20% in Fourth Quarter of 2006 Odyssey Petroleum Corp. (TSX VENTURE: ODE) (the "Company" or "ODE") - Mr. Joe DeVries reports that the Company has made significant progress with its oil and gas development programs in the United States. The following summarizes activities: Fourth Quarter Operational Update: The Company produced approximately 38,450 gross barrels of oil equivalents during the quarter ended December 31, 2006, an increase of 20% over the quarter ended September 30, 2006 (32,100 BOES). The gross production for all properties was calculated based on the production reports for the period, and all gas production was converted to Barrels of Oil equivalents based on a ratio of 6 MCF to 1bbl. The reader should be cautioned that the BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6MCF: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.