abh3vt: TVOC
Reserves for o&g companies are audited annually and therefore typically appear only in the 10K. TVOC has 15 years reserves as of 12/31/04 based on 2004 production levels, according to their 10K. These reserves, in terms of years of production, are substantially greater than most other o&g microcaps, yet ironically the PE is also significantly lower. I'm surprised to see a domestic oil play trading at 6x forward earnings.
But Management is not very investor friendly, with no PR's and limited information in the 10Q's. Hopefully that will eventually change.