Team Veritas

[hellcatjr]

SOCU update for Team Veritas week ending 3/04/11

Here is our chart for the last trading session of the week. I have broken down some interesting points on the chart. I have also posted below a snap shot of the L2 after the trading session has closed.

Again using data from the previous DD I've provided, I believe that currently with just the Kentucky property alone, SOCU is VERY undervalued currently.

With an O/S of 972,529,454 shares... we will break the math down on the value of just this property alone.

Using the conservative data of the three wells producing 50 barrels a day, the annual amount of revenue came to ~$5,864,040.00 a year.

$5,864,040.00 / 972,529,454 = ~0.00602 / per share.

Using the more modest numbers of 150 barrels a day, the annual amount of revenue came to $17,592,120 a year.

$17,592,120 / 972,529,454 = ~0.01808 / per share.

Using the highest value range of 500 barrels a day, the annual amount of revenue came to $58,640,400 a year.

$58,640,400 / 972,529,454 = ~0.06029 / per share.

Again this is for one property alone and this is not considering the fair market valuation technique which could easily put this higher.

Just an idea of the things to come...