Worthington Energy, Inc. (fka WGASQ)

[GreyGoose_69]

This just in from a higher power:

Current assets in play, valuation:

I've run the numbers on that 4,000 BOEPD cash flow -- even if the OS goes to 500M shares (and imo that's highly unlikely) we can still hit $1.24 a share, based on $85/barrel oil and 50% production costs.

I call that conservative.

If you disagree with my calcs, please share some of your own with the board.

thanks!

85 X 4000 = $340K per day.

340/2 = $170K per day (expenses)

$170K per day (net) X 365 days = $62M profit annually.

$62M net/500M OS (again, imo this assumes an unlikely scenario)

.124 EPS

X ten multiple? seems fair enough.

$1.24 per share.