I have been doing some more number crunching. Let me know if I...

I have been doing some more number crunching. Let me know if I have made any errors or missed anything.

Assuming US$6 per thousand cubic feet of gas, discounting liquids/oil, conversion rates, drilling, pipe and administration costs:

Oyster Creek

70% (average) * 17 BCF = US$71 million

Little Bear

??

Schaeffer Ranch

50% * 200+ BCF = US$600 million +

Kennedy Ranch

60% * 30 – 75 BCF = US$108 – 270 million

50% * 30 – 120 BCF = US$108 – 360 million

Gemini

50% * 5 – 15 BCF = US$15 – 45 million

Yellow Rose

50% * 10 – 40 BCF = US$30 – 120 million

West Wharton

30% * 40 – 75 BCF = US$72 – 135 million

Total potential value of projects US$1 – 1.6 billion equals $6 – $9.52 per share, all in the next 6 months!!!