peter,
i totally agree with everything you said which is why this investment is very safe in terms of risk/reward. Currently even at 1.63 you can be comfprtable you are not getting ripped off.
The company produces cash. It has no debt and pays dividends. (that were brought forward!!). Thats why it is absolutley worth what it is.
The upside which has been hinging on the success of the USR campaign has, in my opinion, validated itself in terms of flow rates and increased well production on those that have been successful. The unsuccessful wells are just as important as the successful ones as the lessons required regarding drill bits, casing, and production techniques all but ensure a more successful campaign on the next targets that have already been identified.
The next campaign will see the big move in SP, but dont think it will happen overnight.
She is a beauty in my opinion and looking forward to this unfolding.
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