ARPETROL LTD V.RPT

Why so undervalued?

[Empire82]

According to sedar their property plant and equipment is worth 24.7 million, 1.1 million on the balance sheet and they have already netted 4 million for the year or .18 cents. Trading at a 13.3 million valuation??  Market must not believe in the company anymore?  Looks extremely cheap

[Empire82]

Or is the fact that Argentina is in default mode going to affect a fair market valuation here going forward??

[TheRock07]

This one was taken out behind the shed when they over ran their budget and blew their cash wad when their first well into FV had drilling difficulties which could not be mitigated due to non availability of drilling tools. As a consequence, they had a significant working capital position. Since then, they have hunkered down and paid of their debt and now have robust cash flows which has restored