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10/12/07
14:29
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Before their recent reserve upgrade SHG had 224 Pj(2P).
They now have 469 Pj(2P) .
SHG market cap/2P reserves = 1.15
MPO currently has 204 Pj and is awaiting reserve upgrade .
MPO current market cap/2P reserves = 0.68 .
So currently SHG reserves are valued at almost twice MPO's reserves ......
Lets say MPO adds another 150 - 250 Pj's to their 2P reserves .
At 150 Pj upgrade, MPO's current market cap/potential 2P = .39
At 250 Pj upgrade, MPO's current market cap/potential 2P = .30
MPO is a sitting duck .
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