Information ... selling at 7.8c today V's selling at 8.25c in April.
Effectively we earn 13.8% (pa) on our 7.8c by waiting five months to sell to BPT.
So holding earns 13.8% plus offers the possibility of an increased offer.
For my money ... 10.5c is what I figured this company is worth = $90m Cap = PE of 6 at 1200 BOPD at $40 net profit.
I guessed the $40 net profit ... anyone else can offer a better formula.
Then there's the other wells to be drilled.
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