Coldhelium, on top of all that, I read somewhere this week (sorry, cant remember where) talk of another potential oil/gas bearing structure below the bakken layer which may potentialy produce as much as the Bakken itself (can anyone help refresh my memory on the details of that?).
But in sumary, yes you can value the stock based on existing/proven production/sales, and include Gene-1 as good as that, but you need also to factor in all the potential of those assets whether proven or unproven.
Cheers, Sharks
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