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so with cash in hand as you say, it will soon be $116 for one oil field and a further $73.7 million of cash and total debt outstanding of $30 million.. so $159 mill cash is sundances position in the coming month

MC is $582 mill, and if you correctly take out the cash..

$423 mill MC for the assets minus cash

Average daily production for the quarter increased to 4,723 BOE, net of royalties, up 285 percent from the comparable quarter in 2013.

value of company on the ole $116,000 per average BOPD is $578 mill. so just on the back of the napkin valuations with cash removed... the share is pretty much $149 mill undervalued