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[QUOTE]Originally posted by will: [QB] First page, Jim : [QUOTE]Originally posted by FatherOfTwo: [qb] From their webpage: http://www.irwinenergy.com/investors/corporate_profile.htm Share Structure Category Shares Insiders and Officers 20,000,000 [b]Float 5,024,775[/b] Total Shares Issued and Outstanding 25,024,775 Current projects include an interest in a well in Sylvan Lake, Alberta. Sylvan Lake is very near Shell's recent major discovery of an 800,000,000 cubic foot gas reserve. The company also recently announced its participation in the Concho Dome leasehold, in Apache County, Arizona. Combined Projects Revenue Potential The revenue potential of these projects is substantial. With crude currently trading around USD $50.00 a barrel and natural gas over $7.00 per thousand cubic feet, it is apparent that initial probable reserves assessments for Westlock and Sylvan Lake production have the potential to generate significant revenue. At Sylvan Lake alone, 1 billion cubic feet of gas and 300,000 barrels of oil conservatively equate to a combined probable reserve value in excess of [b]USD $15 Million[/b] (based on a conservative estimate of a natural gas price of over $7 per 1000 cubic feet and over $50 per barrel of crude). [/qb][/QUOTE] [/QB][/QUOTE]
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