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High North Resources Ltd HNTHF

Energy Oil & Gas E&P
High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.


GREY:HNTHF - Post by User

High North Resources Ltd
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Comment by phred7on Feb 09, 2014 1:51pm
248 Views
Post# 22189154

RE:In addition , 175 BOE per day per well is RESTRICTED flow

RE:In addition , 175 BOE per day per well is RESTRICTED flowMore fun with numbers: -Given small companies sell between $30,000 to $100,000 per BOE. -Saying restricted flow equating to depletion - 475 BOE on 3 wells -64,000,000 diluted shares at .54 per share. About $35,000,000 market cap. -Because of HN has such a high provable land base use the $100,000 per BOE x 475 BOE production. Company value $100,000,000 for sale today. That's $.74 a share!!! Today... Way under valued. Fun with numbers. Buy low, Sell high.
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