8m net profit per year vs mc 9m, fair value 9c

"Net backs in Guatemala approximately 50% of the WTI market price – favourable economics"

$46/bbl net profit* 610*70%(net share) * 350 days
=$8m net profits per year
=1.8c EPS

fair value should be:

1.8*5=9c (C13C14 potential offset the option at 4c&7c--which further bring significant cash injection)

9c is the fair value based on 610bbl per day.

13ft at C17 remains untested, if produces another 610bbl, you have to work out:

Fair value:

15c per share!

MC is 9m ATM, SP is 2.3c!