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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: JSB who wrote (33396)12/23/1998 5:53:00 PM
From: EyeDrMike  Read Replies (1) of 119973
 
Seems they have enough proven reserves to keep pumping, From the SEC filings:

As of December 31, 1987, the proved reserves of crude oil and condensate
allocated to the Subject Leases were 2,035.6 million STB. Since that date,
the Company has made the additions (and deductions) to its estimates of proved
reserves allocated to the Subject Leases (before taking into account any
production from such additions) as shown in the following table:

Additions to Proved Reserves
Year ended ----------------------------
December 31 Annual Cumulative
----------- ------ ----------
(Million STB)

1988 42.3 42.3
1989 45.5 87.8
1990 24.0 111.8
1991 115.8 227.6
1992 144.3 371.9
1993 206.2 578.1
1994 89.9 668.0
1995 92.2 760.2
1996 (21.0) 739.2
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