start you engines

Well QPN starting to look set for a revaluation. A market cap of $5million in this market looks extremely undervalued.

If you take for instance SSS which is a backdoor listing yet to have any concrete projects it is trading on speculation at a market cap of around $15 million.

QPN has a revenue producing asset in Bullseye. 65,000 acres in an oil prolific area. 4 million shares in SGY. US $1.3 million cash. Craig Burton as a major shareholder.

Im expecting in this environmnent a re-rate to 2 cents...followed by speculation taking QPN into 3 cent range...followed by drilling in the pre December 2009 which sees QPN up to 4-5 cents.

Hold onto your hats QPN holders...its nearly pay day and we are about to have a big night out on the town ;-)