News: PGY Pilot Energy seeks trading halt, page-28

Total shares on issue right now including the Tranche 1 400m @ 0.002 and the Traunch 2 933.34m @ 0.003

Gives a total of Approx 2,938 bill on issue and at 0.002c gives a  Mcap of only $5.87m  and Enterprise Value of $2.27m

(A price of 0.0025c gives Mcap of $7.34m and EV of $3.74m)

What is the company worth on ground we hold alone in a depressed market with no further improvement (ie no further Seismic or drilling etc) .. .I'm thinking around $15-20m (Excluding cash on hand)

Price has been hovering around 0.002 - 0.0025 so far today