significantly undervalued, upswing awaits!, page-9

mick

as i said before, I had already run the numbers prior to moeller results and knew I had to sell if Moeller was a flop. so as I read the ann that morning I put my order in to bail.

the total $$ value of whats in the tank is worth this current market cap. Spruiking this stock like a foot ball team is not going to make it go up.

You can push the price up without flow rates as long as you can confirm reserves.

I want to hear Burleson say that Moeller #1 even though a flop suggests from the results there is XXX bcf and XXX bbl oil in the moeller formation which gives this good upside.


Like i said in my last post, if you was buying a petrol station would you value it by how fast it pumps gas? or by how much petrol is in the tank under ground.

the value is in the reserves. something all your flow rate calculations ignore.

the only thing flow rates will give you is a hope of less dilution of the stock.

thus I am on the side lines until i know if this has upside still or not.