RE: RE: RE: insiderThey are producing approx. 100 BPD - thats works out to 3-4 million a year... at a nickel the company's value is 11 million... I would say it is under valued at current production. Also, it is anticipated that they will bring on 2-4 more wells this year... Could end the year at 200-300 BPD.... Plus the gas assets.... Based on next years expected output, of 10-15 million (just spearfish) I value this stock at 0.20- 0.30 cents.
Can you tell me what you base your valuation on?
thanks,