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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (143504)	4/12/2005 1:36:33 PM
From: M0NEYMADE	Read Replies (3) \| Respond to of 150070

SPRL" The management maybe crooks By: apex1122 12 Apr 2005, 07:53 AM EDT Msg. 12129 of 12183 Jump to msg. # "The latest geological study performed in 2004 by a European geological firm estimates proven reserves at 24.5 million barrels and probable reserves in excess of 140 million barrels of oil. The fields currently have two wells producing approximately 700 barrels per day, generating about $3 million of revenue per month. " If the production is 700 bbls, then one month is about 21000 bbls, and even if the price is $50(probably around $40 in Russia), the revenue is only $1.05 million, how could it be $3 million ? That's big problem. Are they crooks? I hope not. Anyone want to explain this big mistake(too big, usually should not happen)? ragingbull.lycos.com