RE: RE: RE: RE: TSX ListingYou might legitimately say that IAE is fairly valued at $3.00 today with production at 5kboe/d, however what's it worth in 2012 with production over 20kboe/d? You see, nobodies buying this for today's production, it's the well lined up development prospects that get the attention of experienced oil sector investors. And yes, this company isn't Oilexco. You see, where OIL was up to it's gills in debt to the financially unstable banks, IAE has a large cash surplus that is growing every day at $90.00/barrel oil. I also agree that we won't see the $20.00/share that OIL reached before crashing to
.065. So what if we only reach $7 or $10? Still one of the safest 2 year high return investments out there. The two main jobs for management going forward are a) to execute development on time and b) to add more exploration and development properties at low cost and in time to replace depletion. Oh, and c) avoid borrowing money from the corrupt bankers of the world