TORC Oil & Gas Ltd. T.TOG

low low risk unbooked reserves is the key here

[greeneggs]

Between BAkken, and no-bakken sask properties, there's another 50 mill plus barrels of reserves that will be developed. That's light oil, low royalty, boys, Under 14 dollars a barrel to bring on stream and low royalty rates, try telling me that isn't worth 50 dollars per barrel in the ground in a 120 plus light oil enviornment. And if oil is in the 120 range next year when reserves are again done, their existing 66 mill in p and p reserves will get a bump up of 15 bucks per barrel. Let's see 50 dollars time 50 mill, that's 2.5 billon or 21.73 dollars per dilluted share. And 66 mill times 15, gets you another billion, or 8.60 per dillted share for another 30 dollars per share of value to be recognized over the coming years. And that's not factoring in the ante creek, with it's 400 bopd light oil wells that are coming on line.