Ann: Roundhouse Prospect - First Well Early June , page-3

re: Ann: Roundhouse Prospect - First Well Ear... Potential resource of 10-15 million barrels for a company currently with a market cap of under $4 million! If it turns out well, gee, there's a lot of upside! Of course, we may not get spectacular flows, but even if we don't it's very possible that we could get better than the 160 acre spacing they're basing 10-15 million barrels on.

With the market cap under cash value it seems probable failure is being priced in. Obviously this is very speculative, but if you have an appetite for risk it seems very attractive right now. The market is not exactly fond of risk in the oil sector at the moment, so it's a great opportunity to get in very cheaply.

I doubt this micro cap will get much attention until the oil starts flowing (which may not happen in which case we can say goodbye), but if it does the upside will be huge.