Worthington Energy, Inc. (fka WGASQ)

[xZx]

great post here -- this is exactly how i'm visualizing the growth strategy, too. those 8.53M in assets on our balance sheet will climb just that much higher when mustang island becomes a proven resource, flowing barrels per day of oil and nat gas.

I-1 will certainly be leveraged to develop all our other leases, too. you know that's in the plan mason has cooking.

the market will always pay a premium for a cash-flowing enterprise, and conversely, speculators get an extreme discount for taking on the risk of a turnaround venture like this.

after mustang's I-1 is flowing, how risky is that? not very!

this concept is what the fast money doesn't get, and probably never will. by the time WGAS has paid down all their debt, and have a few properties producing, it won't be a sub-penny stock anymore. it's going to be around a dime to a quarter a share, and that will be our baseline, the "foothills" on the chart. jmho.