tell me that i am wrong, page-7

Todays aed announcement

The occurrence of water as part of the production stream is a normal
occurrence for a reservoir structure like Puffin NE and is in the range of
production scenarios anticipated.
�� Certain short term commissioning issues (including gas lift, metering and water
handling) have been constraining recent production rates.
�� These three commissioning issues are production equipment related, not
reservoir related. All of these issues are expected to be rectified within 3
months and the Company anticipates a target production rate building to
approximately 20,000 barrels per day during this period.
�� The Company intends to maximise oil production to the extent of the FPSO
processing capacity and to that end an additional production well is being
planned for the first half of 2008. As a result, it is expected that production
levels following this drilling program will further increase. This plan is in line
with the Company’s previously stated drilling strategy.
Financial Performance.

I would guess Norwest will get 5-10 mil annual revenue.

Current market cap is around 42mil less 7mil cash held, valued at 35 mil.

Even in current market conditions, it would surprise me if this goes much lower.