Value Microcaps Free-For-All

[jaybird249]

TIV: Reserves are defined not as gross barrels in the ground, as the economically recoverable reserves using current technology.

TIV's reserves would have been booked based on the old vertical well approach, which gave meagre results in the California Heavy Oils. What has changed everything is that TIV is now using Steam Assisted Gravity Drainage (SAGD), which was only recenly been mastered in Canada.

SAGD reduces the heavy oil's viscosity, dramatically increasing flow rates, and for TIV, this is literally a company changer. Many of the SAGD wells are producing 200 BOE per day, thats very large production. The results for TIV production are something I have NEVER seen in 20 years in the oil patch... production rising from 70 BOE / Day to 2000 BOE /day in 5 months.

There is no doubt that TIV has engaged consulting engineers to recacaluate reserves based on current SAGD technology, and the reserve base will be very large. An 85 foot oil bearing zone is VERY large, and thats only one of five zones they have identified.