Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
BTSI - Oil Reserves Valued at Over $2.5 Billion USD
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Penny_Stock_Master: [QB] For What is worth found this on yahoo boards. http://**************.yahoo.com/group/****************/message/12093 chetanvagholkar <chetanvagholkar@yahoo.com> wrote: In my opinion, this is will see at least a 500 percent run-up in the next 8-12 weeks. The attached is a response from the CEO: 1. The acquisition of Nord Oil is the first in the new direction of the company business plan. The current issued and outstanding shares of BTSI is approx. 340 million and a reverse split of 1:12 will be performed by or before September 1, 2005 resulting in the corporation have a total issue and outstanding post issuance of the acquisition and reverse split to be 216 million. It is fair to say that the short term net asset value of the properties to be closer to $350 million since this would be the use of the actual wells and no further exploration on the probable reserve. Having said that, the net asset value per share is $1.62 and if account any and all reserves of proven and probable without discounting by any recovery rate,the value of the asset is well above $2.5 billion. 3. We expect to complete ground work by end of August and begin production by third week of September. 4. Current management of BTSI does not bring any Oil and Gas experience but financing experience and corporate finance advisory. We will be nominated several other people to the board and US management. We have a strong team onsite in Russia with long history of successful exploration and production. I hope this provides with with some clarification. Please note that we will release further information in the coming weeks. Please do not hesitate to send me further inquiries. BIO-TRACKING / NORD OIL INTERNATIONAL Per: Jean-Francois Amyot President [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2