RE: RE: enterprise value of 100 million is where cowboy..I dont put much value in nav with small resource compiies..this company is all about finding new channles and new oil traps to replace or enhance oil reserves with minum 5-10 years before being a real sustainable cash flowing oil company...
again this play is about the possibility of new finds and not current wels that will be decling due to the nature of frac plays
at the end of the day they need to drill new oil finds for this to shine again