Kipp, TVOC earned .20 in Q1, when oil was averaging about $50/barrel. Last quarter, oil probably averaged closer $54/barrel. This quarter, Q3, should be very interesting with oil averaging $60/barrel. I am hopeful recent drilling activity will enable TVOC to increase BOE/D, so that they can take advantage of increases in both oil price & volume. With only 1.4 million shares out, it will not take much to push EPS up significantly ($70,000 net income will add .05 to EPS).
I also see this as a low risk play in the oil market (what's the PE of ASPN, TGA, and BSIC?).