Replies to post #27717 on Worthington Energy, Inc. (fka WGASQ)

[Footloose]

Tony's first target is 500 BOEPD:
500 X $90 = $45,000 X 50% = $22,500 X 365 = $8,212,500
Divided by 70,000,000 OS = .1173 x 10 PE = $1.17 WGAS share.

[AUDACIOUSWON]

If the dilution continues, it won't matter much. There is still a chance to turn this around, but Mason is going to have to take action. We need to be issuing shares to build wells, not give away chunks of the company for a little cash. Like I said before, my investment is now worth less than 1/10th of the original. I can make it back, but management needs to do something here.