not such a great night, page-33

Hi Mojo,

The reserves value, being prepared by Ryder Scott in accordance with SEC methods, is I think as close to "cash value" as you can estimate for accounting as asset value. I mean if it were to be sold off it would fetch that price (check the number used for pricing vs todays price and redo your NAV etc).

I was using numbers right out of their 10-K for y/e 6/30

If you convert the oppies then you have to add in the cash.

Cheap it is. But will it get cheaper?