Compare with v.CWVCrown point is another Argentina oil and gas junior.
CWV has a market cap of $95 million and a target of $1.55 fir a fair value of about $165 million
It just reported its 2013 financials.
2013 gross sakes was $21.7 million and cash flows were $9 million.
Production declined as did reserves.
Its major assets are in the same fields as Rpt ....austral.
It has 2P reserves of 5.5 million boe valued at $52 million.
Rpt will have cash flows of about $6 million this year on sales of about $15 million.
It has 2P reserves of 7 million boe valued at $115 million.
Pro-rata to CWV sales or cash flows, RPT should be valued at $60 million or higher and much higher based on reserves or fair value.
Our market cap is less than $12 million.
Also of significant note , this note....
Argentina New Gas Incentive Program - On March 30, 2014, Crown Point submitted to the Argentine Government its formal proposal for participation in the New Gas Incentive Program for smaller companies announced in November 2013.