IOGFor those that got excited and interested yesterday, some pre...

IOG
For those that got excited and interested yesterday, some pre open reading.Posted by Sloanrunner.

I did like this from the Strachan report and was happy the market gave me some time to research after today's Ann

"Strachan Corporate estimates that Incremental Oil & Gas can
increase production from its current 220 BOEPD to 300 BOEPD by
Q1, 2011 and to over 1,000 BOEPD by late 2011. By 2013, further
production increases towards 2,000 BOEPD would enable the
company to meet its target of self-sustaining growth, while paying
a dividend.

Strachan Corporate assesses a total risk adjusted valuation target
of 45 cents per share on a fully diluted basis. Production and
development assets underpin a value target of 31 cps, while
exploration adds 8 cps of risked upside for Incremental.

The company?s high risk Raven Pass exploration play holds
potential to add over $1 per share to valuation. Retention of a
50% WI in a 30 mmbbl discovery is assessed as having a value of
$1.02 per share to Incremental, while discovery of 150 mmbbls
would be worth over $5 per share to the company."

http://www.incrementaloilandgas.com/irm/Company/ShowPage.aspx?CPID=977&EID=51882295&PageName=Strachan report


Plus the MD Gerry McGann owns over 22% of shares so would be sufficiently motivated to perform IMO