It looks like a $1.40 risked valuation by Stockanalysis may be...

It looks like a $1.40 risked valuation by Stockanalysis may be behind yesterdays rise..It was a very brief description and I wonder if Stockanalysis was part of the tour of Blue Ridge yesterday??

The valuation is based on current 2p reserves and will be reassessed once the new reserve report is released. I would expect the valuation to rise significantly then. The valuation is based on an increase to 1500bopd+ by the end of the calendar year, which may turn out very conservative, also increasing the valuation.

This may well be the first of a number of valuations as I believe their was a number of brokers onsite this week..

It seems every week we are recipients of positive news in this stock. Management are clearly on the job and creating substantial value for holders.

Cheers