Post by
templetooth on Oct 25, 2011 2:12pm
Quick lowball calculation
As of August presentation, 10.3 million boe proven + probable.
10.3 X $15 = $155 million reserves value
155 / 31.5 shares = $4.92
This stock could double and still be cheap!
Comment by
TheRock07 on Oct 25, 2011 2:18pm
That is correct.The new driling success will increase reserves considerably, once updated.TOL is a prime take-out candidate..