ascending triangle breakout pattern, page-20

re: acturtle/ascending triangle breakout pattern A couple of things, Joe and management from ARQ have stated that there is a 1 in 4 chance of success at Magnolia. So this should add more value that the usual wildcats expectations of 1 in 10. Just because it is a 1 in 4 and that potential value is $1, doesn't mean that the share price is worth 25 cents+. Otherwise, you could take the same odds on a football game and not worry about paying any tax. Personally it should be worth around 8-10 cents. This is not totall reflected in the current price of NWE.
What do we have:

>$6 mill in cash.
>Highly prospective TP/15, between Jingemia and Cliff Head.
>Jingemia, which covers office costs.
>US drills, great potential. Depending on flow rates, around half a cent per successful drill.
>North Sea, drilling in highly prospective field, where gas has previously been discovered and close to infrastructure.with potential of between 100 & 200 BCF.
>Magnolia, a 1 in 4 chance of finding 20mmbo net to NWE.
>Overriding royalty of 1.5% (I think) over ITOCHU's 5% stake in CliffHead, thats is if it flows more than 24 mmbo of oil.
>1.25% Royalty in Puffin Oil Field, which looks like becoming a commericial field.

Yet this company only has a market cap of around 23 million. When you look at it there are a lot of other oilers out there that are priced on a lot more blue sky than NWE. NWE has great asset diversification that many others dont, with a good spread of both low and high risk.

Why go for the rest, when you can buy into the best!! Thats only my opinion.