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Re: None

Tuesday, 09/19/2006 4:46:20 AM

Tuesday, September 19, 2006 4:46:20 AM

Post# of 3023
Average marketcap for West Canadian Junior explorers is 74,000 CAD per boe/d (see Iradesso Report www.iradesso.com/i/IOR/newsform.htm).
With production in the range 1300 boe/d to 2000 boe/d (which should be reached by end of the year) ROL should be trading between C$3 and C$5.

We get the same result when we look at NAV which will climb at least into this range (C$3 - C$5) in the next reserve report.

After getting coverage, the stock will reach a fair valuation very quickly. One first step will be the COPIC conference, where ROL will be present on October 3rd and 5th.

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