Value Microcaps Junior Energy

[2morrowsGains]

TXCO, (kipp440)...Looks like TXCO has excellent long term potential based just on their interest in the Maverick Basin Tar Sands alone! Just my opinion and I'm not an expert on evaluating these kinds of companies, but there were a couple of comments made in the recent EnerCom presentation that REALLY caught my ear...

Re: TXCO's Maverick Basin Tar Sands interest...

- "...it's already well known, this oil is moveable, this oil is recoverable, and it's recoverable at a high percent..."

- Two pilot programs currently underway.

- "...none of this is marked in our price of our stock at the present time and what we're doing."
Over the last year, 6 tar sands sales that have gone on for non-producing assets have averaged close to $1 a barrel Canadian, which is just about $1 a barrel U.S, per barrel in the ground.
- NET to TXCO, we have between 2 and 3 BILLION barrels of tar net to us. It's a VERY significant value to our shareholders, that as soon as the production starts coming from these pilots that we're doing, we think that our stock will appreciate significantly over that time.

Wording in the above comments may not be exact. The notes can be re-checked here...
http://www.investorcalendar.com/CEPage.asp?ID=119143

Anyway, based on the Maverick Basin Tar Sands alone, TXCO looks to be a good long term "Hold, Wait, and Accumulate" stock! Just my oiniom though.

BTW, I believe I read somewhere that the Maverick Basin Tar Sands is the largest tar production area in the U.S.

We'll see what happens...and if anyone has any more info on the company, please post. TIA and thanks kipp440 for last weeks post.

Currently trading in the $9.40's, after dipping into the $9.30's earlier.
Shares outstanding = approx 34.2M.