TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: StocksDATsoar who wrote (87696)	7/6/2001 5:46:11 AM
From: Joe Copia	of 150070

KING at these prices, imo, scream ACCUMULATE ME. At today's gas prices projected revenue to King would be approximately $200,000 per month. In addition to the above, King is negotiating to participate in a twenty well, shallow gas drilling program near Graham, Texas which will commence in approximately three months. The above is part of King's business plan to generate low risk cash flow in the onshore United States while pursuing higher potential, higher risk projects overseas. Above is ontop of this $2/share valuation: According to a recent 8-K filing, the seismic database has an appraised value of $65 million or about $0.90 per share. In Gabon, King Resources has stated that the first target to be drilled on this Salsich Permit has potential reserves of 80 million barrels and that the entire concession could host more than one billion barrels of oil. Applying a nominal value of $1.00 per barrel to the potential reserves on the first target suggests an additional value of $80 million (about $1.10/share). So @ .20 I think it is a steal.

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