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Message: Re: Net present value, and other ramblings

Jul 22, 2008 12:46PM

Jul 23, 2008 07:34AM

Jul 23, 2008 07:43AM

Jul 23, 2008 11:40AM

I quickly read that PR,

"Connacher Oil and Gas Limited (CLL - TSX) announces a significant expansion of the company's reserves, resources and related 10% pre-tax present value of future net revenue ("present value" or "present worth" or "PV") since year end 2007. Unless otherwise stated, reserves refer to reserves of either bitumen or conventional crude oil, natural gas or natural gas liquids or barrels of oil equivalent ("boe") and resources refers to bitumen resources. Certain amounts cited herein have been rounded for presentation purposes.

They are projecting forward earnings taking into account the increase of their reserves. If you take TTM and use 655 million lbs of moly @$33.25 and increase it to 1billion (which is very possible) then make that comparison.

A delay in the press release and you believe you can bring it down to buy a few more do we? Look man your smarter than that show some of your intelligence, or put it to good use. $2.25 give me a break!

BBOB

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