RE:Why the big Difference with MVN ?No comparison is exactly the same but your point is well taken.
Rpt got into a negative WC position in 2012 due to cost over runs while drilling its first VF deep well.
Because if that, it was taken out behind the wood house and was given a sheet knocking.
Thats now in the past and it's now ready for the coming transformation .
The gas processing plant is a great cash flow asset.
Its worth at least twice its equivalent in production ( roughly 500 boepd ).
This is because there are no exploration or development costs nor is there any production declines.
Gross margins are nearly 75 % which is much higher than gas wells.
It is also readily expandable .Replacement costs are easily $30 million.
There are about 55 asks between 2 and 4 cents, with the average at 120,000 shares worth about $3000 each.
These are small retail flippers.
It should not be a problem taking these out.