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[QUOTE]Originally posted by Ganoga94: [QB] Here's a great post from another board: LONDON (Reuters) - U.S. crude oil futures rose to a fresh record high of $125.98 a barrel on Friday. They were trading $2.11 higher at $125.80 by 7:09 a.m. EDT. Lets talk potential revenue for TNOG. Given the historical oil production statistics for Kern County, Ca., a 500 barrel per day well would be a reasonable expectation for an initial successful project. If oil prices stabilize at * $120 per barrel, that production would generate *$60,000 per day in gross revenue, or some $1.8 million per month. Given the recent structured debt settlement and making allowances for relatively high drilling costs in today's market, TNOG could still generate gross revenue of *$.03 per share in a best case scenario, and profit in the $.01 per share range. Such a scenario would support a stock price in the range of a dime to $.15 using a P/E ratio of 10-15. This is an optimum time to be in the oil exploration business. As always, do your own DD, calculate your own risk tolerance, and if it suits you, get ready for the ride. Good Luck in the Oil Patch! [/QB][/QUOTE]
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