Friday, August 3, 2007

Oilexco - hold for the rally over 3 years

Oilexco now produces 35,000 BOE
Schacter predicts 100,000 BOE in 2010
Cash flow in 2010 - at $70 oil will be more than todays price
At 4 - 5 times cash flow we are looking for a selling price of $52- 60
Hold on provided:
Production/drilling and cash flow follow the projections

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