Deep Well's Sawn Lake Project Is Worth Approx. $910 Million or $12.55/Share, Based On What Has Recently Been Paid For Similar Assets, Says Investrend Affiliate SISM Research Analyst Ernest C. Schlotter 9:29a ET May 21, 2007 (Business Wire) The following is a summary of the full SISM report which includes important disclosures, disclaimers and analyst qualifications and is available at http://www.sism.com and http://www.investrendresearch.com, or may be directly accessed via this link: http://www.investrend.com/Admin/Topics/Articles/Resources/917_11797527 09.pdf. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Also according to SISM analyst Schlotter's Research Note:
"Heavy oil is becoming an increasingly important part of the world's oil production, since it's becoming more and more difficult to find so-called conventional oil. Significant acquisitions can be expected in the near future as supermajors are seeking to make up for losses of heavy oil business in Venezuela. This will also pave the way for aggressive oil sands development to spread west from Fort McMurray to Peace River. Deep Well's Sawn Lake Property in Peace River has similar geological characteristics to BlackRock's existing Seal Field Project, both targeting heavy oil from the same Bluesky reservoir formation. Shell acquired BlackRock for $2.2B in 2006.
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quote:Originally posted by PCola77: For some strange reason I'm often a bit skeptical when companies announce that they are worth 20+ times their current share price
company didn't anounce it, "Says Investrend Affiliate SISM Research Analyst Ernest C. Schlotter"
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Well I assumed that the company put out the PR. I understand your point that they didn't set the value themselves, which is obviosuly important to note, but unless someone else put out the PR, they did, in fact, announce it.
Regardless, I'm not making any prediction or analysis on this, one way or the other, just saying usually PRs like this are bulls*t.
quote:Originally posted by kittykash:
quote:Originally posted by PCola77: For some strange reason I'm often a bit skeptical when companies announce that they are worth 20+ times their current share price
company didn't anounce it, "Says Investrend Affiliate SISM Research Analyst Ernest C. Schlotter"
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