broker valuation $78m current mc $11m, page-17

Hello all.

I have just come to notice this company. Looking over their balance sheet they cash holdings seem to have grown since 2010.

I am having trouble finding information regarding the results of the site testing and proved or provable reserves in the well.

Is there any information out there regarding the reserves, or if some drilling has already commenced etc.?

The first post of the thread was calling for a 700% increase? Is there any indication that by their efforts a MktCap that large will be justified?

Forgive me for silly questions - but I would love to hear the answers.