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Petromin Resources Ltd. V.PTR.H

"Petromin Resources Ltd is a petroleum and natural gas exploration and production company in Canada. It is focused on its core operations, which include oil and gas producing properties in Alberta, Canada along the Western Canada Sedimentary Basin. The company owns an interest in Frog Lake area which consists of oil deposits, Gilby Property, Morningside Property, and Redwater North property."


TSXV:PTR.H - Post by User

Bullboard Posts
Comment by COGTon Nov 26, 2004 6:53pm
452 Views
Post# 8235209

RE: fair market value for ptr i feel

RE: fair market value for ptr i feel Sharp; Today,I got confirmation 300+ boe/day production on the books from IR ( adding up %of all wells producing incuding gas converted at 6-1 ratio).Using 40 million share float, I arrive at 12 cents/share CF (x 5-8) x 12cents =60cents to $1.00/sh. Or, at60k/boe, take out, PTR is at least fully valued at 45 cents. So, at the risk of being a prude, I don't understand what all the commotion is on this board. The topic is a junior O&G Co., producing oil and gas, not some Tech concept stock.Blind is still with the company and nobody has been pushed out of a helicopter over Redwater! Redwater #9 flow is only icing on the cake.If 100 boe net, after farm out agreement(s) adds another 3 cents CF/share.If it's an elephant with six more targets to drill, great.Simple story of meat and potatos finally coming together,unless I'm daft.Any comments from yourself or anyone watching would be appreciated.All IMHO
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