talk about undervalued....Target Valuation
Given the upside exposure that we now see on the Alberta Bakken play we calculate the value of the company between $1.15 to $1.70. Our target is based on the more conservative approach of risking the estimated OOIP’s of 10 mmbbls per section to generate $1.04/share in value. We value the existing production base at
.10 per share.