RE: $28,000 per flowing boeto be fair, if you are talking value per flowing barrel then exclude debt unless you are willing to factor in asset value for land and siesmic and tax pools. You either talk asset value or production value, you really should not bast.rdise them by picking and choosing what to include. In my opinion these other assets (land, siesmic etc.) offset the debt. I wonder also...what 6 million "sub." shares? Diaz does not have such a thing. Were you talking of the "super" B shares that are no longer?