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Crafty55

10/30/08 11:43 AM

#927 RE: Crafty55 #926

Im really liking these buys here!
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MWM

10/30/08 11:50 AM

#929 RE: Crafty55 #926

I'm not sure a lot will be said in this particular report concerning the lower Jurrasic, I thought the poster that went to the Tomco meeting said that a seperate report would be done on that in the near future, although I do hope for a few passing comments from TRACS on the potetial of those reserves...

Considering our proven reserves are now just under 2 million, I'm looking for our reserves to jump to 5-10 million minimum which should make our current market cap of about $5 million look like a joke!
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ABNormal

10/30/08 12:19 PM

#942 RE: Crafty55 #926

Crafty, this will be in the ball park without looking it up. I believe TOMCO estimates the cost per Jurassic infill to be $125K to $175K each. When they drill we won't have to guess. Will they drill? IMHO YES! They estimated the price for a reason AND they sold their US wells to raise capital to drill for AVNU. Why would they let go of the wells here unless the Israeli fields are going to be more lucrative?
All JMO