What’s it all worth Here are some numbers I'm putting out there, take them as my opinion and mine alone and not investment advice.
Namibia Blocks:
Id say the value is 0 currently, not to say they won't potentially have value but none are near current discoveries.
Short term: 0 Long term: TBD
South Africa Blocks:
2B:
Drilling, 0 - 250 million barrels net
without an appraisal I'll say $3.5 a barrel so the three most likely short term values.
0 barrels.
150 Mil barrels so $525 Million or roughly $1.50 USD
300 Mil barrels so 1.05 Billion or roughly $3.00 USD
3B/4B:
Word is a 2 well carry for a farm down to %15
short term: a 2 well carry is worth $30 million
long term: TBD
Guyana Block:
I can't honestly say if they'll drill soon so I'll just say potential value
Having gone 2/2 at the wrong depth I feel pretty confident in the Cretaceous near Hammerhead which could contain around 1.2 billion barrels or 600 million per drill
180 million barrels so $630 million or roughly $1.80
Cash: roughly $18 million after Gazania
Excercizable warrants:
33,000,000 @ $.40 USD so $13 Mil USD
All that being said if Gazania is a duster $.20 USD makes sense, if they are successful this is a rough sum of the parts