stock analysis => whl, page-2

interesting...

the report estimates $106mill value for farmout deal...
(my own predictions were for like 75 to 100mill range :-) )
with whn holding 20% stake...
and cash component of $5mill... which would mean 106-5=101-25(3d seismic)=76mill for drilling(?)...
this would cover about 3 holes... if about $20-25mill each

the potential 250mill barrels oil strike giving whn a value of 42cents per share might in fact b much much higher, if they happen to drop 3 drills in 3 mother loads... etcetc...
wishful thinking i know... but thats y we re all here :-))