agm, page-4

re: agm - omr Cut off the last part of message:

If as miningnut says, a EBITDAX of US$50 with a market cap of around $90 million, then the company is so undervalued that they will make a play for it.

Plus by that time the cash on the books will probably be around three times what it is now with some hard assets - those two production platforms, leases, and continuing production along with those written off assets - PL and Beibu.

In other words the company is worth dead (private) than alive.