Toreador resources Corp. (TRGL)

[hercules16]

65 billion barrels of "shale oil" sounds like a lot! But probably meaningless without a concurrent estimate of the cost of production? (If cost of production is $100 per barrel than the current economic reserves are zero)

I'd be satisfied with the 400 million barrels potential estimate in the article below (the only problem is taht it sounds like hype and will only be believed when they have significant "proved" reserves to back it up):
http://www.toreador.net/images/press/TRGL_Remaking_Toreador.pdf