I take some respite from the marketcap. Forget the shares on issue for a moment. Market cap pre FP "discovery" was around 20 million. (1 bill shares @ .002). CAB nothing to brag about ...like now.
Now we have SD which conservative figures should give us 10% of at least 10 million barrels flowing equating to 1 million barrels. No matter what inground % value you want to use, on those numbers the shareprice will quadruple at the very least if we confirm 1 million commercial barrels of oil free flowing. The rest of chorbane will begin to be factored in as well dont forget with the 10% option.
We then have FP which is really a freecarry if we look at a 50% share imo. Vil are much better placed fundamentally and SP value wise than they were two or so years ago despite some interesting management decisions. It's dirt cheap because confidence is shattered from the FP story which hopefully has the fairytale ending.
Regards
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