RE: 30 short term is likely I believe. I can give you more multiples if you like...
Average P/E of junior oil south america 7x
Average P/CF of junior oil south america 3x
Average EV/EBITDAX of junior oil south america 2x
...with 5100 boepd (actual) at $109 (actual)...pps should be now at $0.45 (with 7x P/E), $0.41 (with 7x P/CF), $0.45 (with 2x EV/EBITDAX).
My only conclution is that we should be trading by year end at $0.45 with no exploration success what so ever!!