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Bobwins

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Bobwins

Re: None

Thursday, 06/23/2005 9:22:51 AM

Thursday, June 23, 2005 9:22:51 AM

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Terra moved up a bit yesterday at +.11 to 1.60 canadian/US$1.295. Recent publication of Iradesso report highlighted the favorable valuation of Terra vs other Canadian juniors. Enterprise value to market cap ratio was 5.9, Value per flowing boepd was C$41,444, reserve life was 8 years.

Although these are not the lowest values in the group, they are outstanding when combined with Terra's guidance of doubling production to exit 2005 at 4000boepd from the 2000boepd level at 1/05. I think Terra could easily double from current levels by yearend. Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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