Enterprise Value/brl 2P reserves, page-14

Thanks SS. This is a little sobering by comparison. For this O&g experts out there, based in these valuations why are investment houses valuing this stock at more than three times its current value? Is it purely a play on their gas reserves? Is it the case that the heavier oil component in 2p is attractive while sensitive to poo?

I like the way this company has productive assets which pay for development (excluding inflated management compensation). Wondering if it's reasonable to hold this company on a 4 year horizon based on 2c. It's drives home the point that a schedule for returns vs expenditure is critical in this market.