Ann: Commencement of Sale Process , page-11

Gotta,
we have just had reaffirmed 2.6mmboe 2P which at a market cap of
$36million represents about $13 a barrel. My recollections were that
about $40 a barrel in ground was a reasonable valuation. Given the market
at least $25 or 25cents. That attributes nothing to Thunderball Moby etc.

This will be sold in bits, leaving the debt and tennaments to the company (US),
and another company in "secret" will make off with the 10% Athenea for a song and "financial enducment" to boot.

My guess 15cent offer.