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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Comment by investpro2on May 03, 2012 2:47pm
185 Views
Post# 19867800

RE: MRP Money will come and get the oil!

RE: MRP Money will come and get the oil!

I am very confident based on Tom Shank Re-entry in Dec that the TSB will switch its 100 M 1/2/3C oil resources to a mix of over 100 Million barrels of 1/2/3P Oil Reserves.  Note that the re-entry of TSB #1 tripled the net oil pay zone from what was expected so the 1C 8 M resources will become at least 3 times to 1/2P 32 Million Reserves or greater.  So we have a field that should have 1/2P 32 Million Barrels, very very significant and valuation should be approx imo $8 per barrel for the 1/2P $256M PLUS valuation for the 3P at approx $4 per barrel x the balance in the field of say 80 Million more barrels 3P so add $320 M = approx $576 M plus field.

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