Demonic it all comes down to valuation. Based on existing gas flows from its wells and the fact there are more to come before Xmas this company may earn next calender year $10million or more and its valued at about $20million fully diluted at todays prices.
Add in the fact that their best acreage is yet to be drilled and this stock has enormous upside.
A pe of 10x equals share price of around $2.
Expect plenty of news flow over coming weeks. I would expect another update within days.
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