Pledge Petroleum Corp. (fka PROP)

[KOmani]

After a little digging, it seems there is a couple of decent opportunities linked to the new CEO.

Wyoming Energy Corp.

From their own website:

http://wyomingenergycorp.com/index.php/propert

Torrance Oil Field Development

which appears to have an estimated amount of about 17 MMBbls and could exceed 45 MMBbls (maybe as high as 109 MMBbls per their own site).

The website says about 5 MMBbls have been produced leaving an estimated 12 MMBbls.

For the sake of brevity, even if there is only 12 MMBbls, and oil is say $50/ barrel .... That's perhaps $600 Million of oil.

Of course there would be costs to develop such a project.

For the sake of transparency, I am interested in owning shares but do not own them at this time.

I am hoping that others will the see the possibility and maybe they will be interested in a potential merger.

Another ticker - TGLO - ran pretty good on the expectation of a merger in the energy sector as well. I mention that one because it might be something to base expectations on.

Hopefully everyone can enjoy the weekend and PROP gets some views.