GREY:MMATQ - Post by User
Post by
skott4Goldon Nov 30, 2016 6:19pm
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Post# 25536943
Hold on to this stock
Hold on to this stock
There is some important / Big things happening in January 2017. This company has huge buyout potential but it is dependent on crude remaining at higher prices. TRCH has something like 56k acres with oil on them between the two basins. Oregande is better than the Permian land and the Permian basin had 20 Billions barrels of oil plus Natgas and liquid gas. This is good acreage. They could have a billion barrels of oil or perhaps more. Not sure about the Nat Gas. Land in the Permian basin has been selling for $50 to 60k /acre. Occidental has been paying 50k for Permian basin land. Let's say Torchlight only gets $35k/acre for their land to be conservative. That nets out to almost $40 per share of stock!