eagle north has oil, page-9

Anyone read the Flour Bluff report...very interesting...do the sums and you realise it could be a very handy little earner for the company if you do the sums...more than justifies a higher market cap of 20cents a share...and most of the reserves are 1P.

I think investors are over estimating the downside of a miss on Eagle...could be a good opportunity to pick up a few cheap for a medium-to-longer term...if Eagle comes through it will be great though...too bad the pessimism has driven it so low that even a great announcement will probably only drive it back to where is was a couple of month back.

I hold at a loss...argggghhhh!