Replies to post #7516 on Worthington Energy, Inc. (fka WGASQ)

[xZx]

that 1,000 boepd number is easily achievable with the land-based properties we've got imo. between d-bar and south texas, it ought to be a slam dunk.

$100 oil turns that into $100,000 a day in revenues for WGAS.

toss out half, for production costs, and it's still $18.25M a year, which gives us .052 eps. put a reasonable PE of 15 on that, which is in line with our peers, and that's .78 a share with a 350M OS.

this is not including I-1, and before VM179.

to put this all into perspective, just think how many investors would be happy to buy at .10 for a 10-bagger or more.