RE:At C$1.20, POE approaching break-up valueI calculated breakup value in two different ways - YE 2017 and in 2 years when follow-up drilling occurs. YE 2017 ($0.87/share) Cash ~ $41 MM after capital expenditures in Indonesia and Thailand. PDP in Thailand - ~7MM accounting for a more reasonable price deck and a year's worth of production. End of next drill in ~ 2 years ($0.62/share) Cash ~ 29 MM after ~$1MM/yr burn rate, $5 MM for share in seismic and $5 MM in drilling. PDP in Thailand - ~ $5MM due to 2 year's of production. Personally, I think the second metric (at the end of 2 years) is more relevant because that is going to be the base while awaiting new drilling. All this does hinge on getting a reasonable second well.