Grid Petroleum Corp (GRPR) Valued at $2.26 by Independent Research Firm, Far Above Its Current Position reports
(EMAILWIRE.COM, November 22, 2010 ) Montral, Qubec -
(, a premier source for Top penny stocks research, issues Top Stocks Alerts for the following company (OTC: GRPR).

Grid Petroleum Corp. (OTCBB:GRPR) is pleased to announce the completion of a financial report by premier research company, Cohen Independent Research Inc., which concludes with a Price Index Target of $2.26.
The report evaluates Grid Petroleum's potential by assessing the company's position in the oil and gas exploration industry, relating to a global overview of oil and gas expectations, using one of the most complex and sophisticated oil models that has been built in the financial community.

The report encompasses evaluations on the company's assets, both physical and managerial, and reviews the initial financial structuring suitable for realizing the intrinsic share value of Grid petroleum.

About Grid Petroleum
Grid Petroleum Corp. (OTC BB: GRPR), with its international headquarters in the U.K., is an early start-up stage Company engaged in the development, exploration and production of oil and gas in North America. The Company is currently focused on expanding its portfolio of assets and commercialization of acquired assets.

Financial Forecasts and Valuation
We expect revenues of $5.4 million for FYE 2010 and more than $145.7 million by 2016. The Company is also expected to efficiently manage operations and command significantly higher operating margins and net profit margins.

The Cohen Price Index Target is calculated using 2010 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital
Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen Price Performance Index. The P/E and P/CE are based on market multiples and representative of the broader industry in which the Company operates.

The Cohen Price Performance Index is representative of the post coverage performance of all stocks covered byCohen Research and Grass Roots Research. The last component in calculating the Cohen Price Index Target is the value derived using the long-term Cohen DCF valuation approach.

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Walid Moudjed

Source: EmailWire.Com
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