tiny market cap

canadian oil heavy discount to reality

huge potential from existing leases

believe will sell some non-allinged property for additional working capital

conversation with pres- reserves now around 100 million but with new reserves report due out in a few

could reach 150 million -  market cap of only 40 million

rather buy when everyone else hates!

easy double for patient investor type.

tie in have been slow, but things always change.

capex numbers for 2013 coming

year end numbers coming soon

guidance for 2013 coming soon

oil seems to be firming and this is bullish for the whole sector

could of course become a takeover candidate if management is not careful

see little risk at current levels