Look at the first post on the MAD "multibagger this year" thread for resrve/valuation comparisons with other companys. MAD is now approx $300mil or $4 a barrel of 2p oil reserves and likely to double the reserves in the next 2-4 months.
IMO it is a strong buy and I personnally am looking for $1.50-2 per share at this point.
DYOR
Cheers