$2! At least they are setting their sights high! With current oil prices, interest in EOR is growing the US - the company may be a target in that regard, given the proven reserves position. I think the formula is pretty simple - we just need a few months of steadily growing production starting with a base of (hopefully) no less than 12,000 barrels for March. If that happens, with oil prices floating around current levels, it should represent an outstanding return regardless of the price you bought at.
FDM Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held