Worthington Energy, Inc. (fka WGASQ)

[choctaw 02]

We own app.10% of the production from this well. I think this well will come online near 10 million cu ft gas and 300 bbl condensate per day. Using today's commodity prices and producing for 300 days our 10% will put our first years revenue around $9,000,000. Without deducting anything for debt or other expenses it looks like our EPS is agoing to be about .04.
Using a PE of 5 this would make us worth about .20 per share on the "I-1" well alone.