RE: RE: RE: LFD Mgt Should Sue Good40Can someone show me how SNMs market cap of over $1 billion can be justified ? If their latest news release
doesn't describe a commercial discovery... then the price is almost 100% too high.
There was no data provided for quality of oil... was the oil suitable for asphalt or gasoline ? With 25% of the working interest, the value of the play, equal to their share price, should be about $5 billion. I can't see this latest news release describing 1 billion bbls recoverable.