RE:RE:RE:RE:reached support level??Right now everything is down.
Mapan paid $132 million for their gas producing asset and now it is valued at $100 million by the share price. In reality I don't believe this asset has lost 25% of its value.
The question now is. What is this asset really worth per share? I imagine if they tried they could sell it at a 15% discount and we would still walk away with some cash. This is a money making asset and it was already sold on the cheap. Be interesting to see where this settles.
Be nice to see the numbers in November. They should be not that far off PPY the western canada Nat Gas play.
Unlike a lot of other stocks on the venture we are making money and that is worth something.