RE: TERREX ENERGY INC. REPORTS YEAR END 2011 RESER I am not a shareholder (yet), but this company is currently being valued at roughly $5/boe for proved producing reserves. Add in the additional reserves from 2P and 3P, and that number is much lower. As potential shareholder, my biggest concern is their funding issue. My guess is that the new CEO is there because he has more experience with financing. Also, he worked for NAL which was just bought by Pengrowth.