It does bring a fair question
Afren bought out Marlin for 110 million and they have approx. half the amount of acreage and at that point it was in the same stage as our acreage was when we got it...
so 110 mill x 2 is a fair statement then taking into account the far more advanced stage we have risen to since then...so adding the to date
7 mill exploration and
a basically guaranteed 8 mill cash from JV and i
ncluding the performance options that come with the successful jv 12 million
220 mill + 27 mill
247 mill should be worth it...:)
SP approx 20 cents
Food for thought...
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