RE:OIL - Interesting Stuff - GG - FYIGood find GG. In attempting to put a value on IAE that a potential buyer might be wiling to pay post-Stella I have wondered how much IAE's reserves would be worth. It appears that a Grande size cup of Starbucks coffee (with room for cream) at the present time is worth more than IAE's reserves. Nothing to CROW about, but nevertheless useful to have FERRETed out that information.
On a more optimistic note, and to our advantage, it does illustrate how inexpensive it might be for IAE to pick up some reserves in the GSA area. To make our company more appealing to a potential acquisitor we should not only be bringing Stella to first oil but we should also be developing a logical post-Stella GSA project pipeline. If IAE has some financial headroom after the RBL review it might be wise for it to go shopping.