Teton Petroleum (TTPT) -- Russian Oil Message Board

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Gold/Mining/Energy : Teton Petroleum (TTPT) -- Russian Oil

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To: Ed Ajootian who started this subject	4/28/2003 11:49:54 AM
From: Ed Ajootian	Read Replies (1) of 115

J.M. Dutton & Associates Twelve Month Target: $9.36 Teton Well Positioned In Russia Oil – Expect AMEX Listing "Teton Petroleum (TTPE) operates in the Russian oil patch - the most topical and promising international oil venue in the world today. Teton is the only U.S.-based “pure play” on Russian oil. It has proved and probable reserves of 33.0 million barrels or about 4.9 barrels for every share. A $28.1 million market cap indicates a significant under valuation for Teton shares at $0.85 per barrel. Proved and probable reserves are generally worth about $2.00 a barrel in Russia, and Russian reserves at $2.00 are an enormous bargain given their size, infrastructure, stability and non-OPEC status. We affirm our enthusiasm for Teton Petroleum as a special situation small cap Russian oil idea and our Strong Speculative Buy rating. It completed a 1-12 reverse and an AMEX listing should be in the very near future.... ************************************************** Gentlemen, start your engines!

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