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Forum - low float stocks    stocks with small float and big potential

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From: doubloon (Rep: 3)Date: 06/30/2005 10:18
Forum: low float stocks - Msg #450No Thread (Rec: 0)
Tandem energy 2 mill float..
Tandem Energy holdings and production breakdown

Definitions
BOEPD= barrels of oil equivalent per day
MMBtu = million British Thermal units
MCD= million cubic feet per day

Texas
Harris County 7,000 acres with net production of 480 BOEPD
Palo Pinto County 4,800 acres with net production of 92 BOEPD
Pecos County 3,000 acres with net production of 75 BOEPD
Mitchell and Scurry Counties 7,200 acres on leasehold 325 BOEPD
Callahan County 3,000 acres net production is 25 BOEPD
New Mexico
Eddy County 3200 acres net production 105 BOEPD
Oklahoma
Kingfisher County , currently shut in waiting work-overs
Kansas
Montgomery County 5,000 acres initial production 200-300 MCFD

Tandem plans on drilling 330 shallow oil and gas wells to increase the proved producing reserve base

Estimated Revenues priced at $40. barrel oil and $6/MM Btu
2005 $16,100,000
2006 $46,400,000
2007 $72,000,000


Proved Reserves

Kingfisher and Montgomery
Oil 4,261 Million Barrels
Gas 61,348 million cubic feet
Present net worth $80,846,000

Sharon Ridge
Oil 12,142 million Barrels
Gas 321 million cubic feet
Present net worth $168,928,000

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