i do, and more, depending on the asset.
if the acquisition is what or where i think it is, then currently the value of the oil in place is $3.70-$4/barrell.
how,why?
because thats what others have paid recently for thoise assets.
lets say 50 mill barrels x $4 +$200 mill add current MC then you get say $250 mill.
makes the sp at 5c
also other bigger companies who cannot get a foothold, all of a sudden they do if they make a move on ROG
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