OTCPK:MAUXF - Post by User
Comment by
Resilienceon Jan 05, 2010 12:23pm
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Post# 16639845
RE: re: new Bod - John Gorman
RE: re: new Bod - John GormanWell, we sure could use a good CFO to slap some sense into their finances (although they have improved)...
I have been steadily adding: 5 mln cf per month guys. That's 0.5xcf , I don't know one jr. stock that's even close to noting this low.
And sceptics would say this would be lower as they need to split with partners after capex is recuperated, but not for awhile when they keep spending money drilling and putting production online. So an eventual split of revenues will be at a lot higher production base. And even if you calculate the partners in: SP just notes over 1xcf.
And the drilling is not wildcatting, they're punching holes in 2P reserves. Probably increasing 2P significantly.
Cheers,
R.