RE: R James have a $43.5/share risked Nav I noticed in the RJ research report that they have valued the Indonesian assets at $19.69 per share, based on unrisked resources of 354 million barrels.
Chen's estimates are $13 per share.
It seems obvious that a successful well ( which might be the one currently drilling ahead to TD ) in Indonesia is going to be a game changer for Orient and one that could very well trigger the takeover bid by Petrochina who holds one half of one of the very Prospective zones.
Management place little emphasis on stock promotion, which is obvious from their sparce web site and out of date presentation.
Perhaps they already know that an offer may be coming.