Comparison to Gulf Keystone GKPGKP currently has a maket cap of $1.5 billion primarily from one discovery well drilled in their lease that flowed 18 to 22 API oil at roughly 15000 bopd cumulative rate from 5 different zones.
On the other hand, Chia has 4875 bop oil of 41 to 43 API higher quality oil tested from only 18 m zone in a presumed 250 to 500 m oil column!!!! if we could repeat similar flow rate achieved in 1936 and expand the testing of other zones in this 250 to 500 m payzone, LFD could hit more than 20,000 bopd in comingled or cumulative production. As such, one could say that LFD might have a market cap of atleast 1 billion or say at least $5 per share.
What I found interesting with this play is that management already has plans to build production facilities in 2011. See the schedule in the latest presentation. This is a clear indication that management believes that LFD would hit and start selling as soon as possible!!