Value Microcaps Motherboard

[Marvelmeister2002]

Bob/TGA

As always, thanks for your top-notch DD. Do you have a feel for the downside risk with the Harmel project? It would seem that the Harmel oil will be sold regardless of whether or not it can be "sweetened". Just for a somewhat lower price.
Or am I assuming too much?

Also, as for the 10k BOE projection I threw out there for end of 2005, agreed that it might be ambitious. But it does seem as if the end of 2005 BOE production rate could be closer to 6k BOE than 5K BOE (http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1607135078&tid=tga&sid=1...
If that's the case, then maybe the 10K BOE end of 2005 projection is a bit more reasonable?

Thanks for walking me through the DD on this one. I still have quite a bit to learn about the company, but TGA appears to be one of the best long term plays around. $10 here within 15 months and additional strong gains after that seems like a reasonable expectation, based on what I know right now....
Meister