TORO OIL AND GAS LTD V.TOO

YE Reserves

[retiredcf]

Unless I'm missing something, the numbers looks pretty healthy which might also explain why our SP began to bounce back in the last week. GLTA

Reserve Report Highlights - Overall Corporate

• Total Proved ("1P") reserves up 150% to 2.0 MMboe from 0.8 MMboe and associated 10% discounted before tax net present values ("NPV10") 1P reserve value up 62% to $28.9 million from $17.8 million;
• Total Proved plus Probable ("2P") reserves increased 79% to 2.5 MMboe from 1.4 MMboe and associated NPV10 2P reserve value up 47% to $38.3 million from $26.1 million;
• Hamilton Lake acquisition represents 73% of Toro's corporate consolidated reserves by volume and 79% of overall NPV10;
• Hamilton Lake acquisition: 2P reserves increased 49% to 1.8 MMboe with NPV10 values doubling to $30.2 million from $15.2 million in the prior year as prepared by McDaniel and Associates for the prior owner of the Hamilton Lake assets. 1P reserves comprise $23.2 million of the 2014 year- end total;
• 1P reserves include eight Proven Undeveloped ("PUD") locations across the entire Hamilton Lake acreage leaving significant potential to add to the overall 1P reserves upon future development

[DayOfReckoning]

If you ask me, everything is going so far as was planned... These guys understand how to grow shareholder value, and they have their money where their mouths are. The one thing they have no control over at the moment is WTI... Can't fault them for that. A few years from now when the share price is +$3.00, we can look back at these prices and laugh 😉