Ann: Acquisition Update and Drilling Program , page-27

Please read the report you would these words "Based on current pricing and independent reserve forecasts, preliminary Field EBITDA generated over 2011 is estimated at ~US$18 million from existing and new operations. The Company will give an earnings update towards the end of January 2011 once a review of the new operations has been fully completed. It is expected only 2 additional employees will be employed to operate the Kansas operations, plus the employees and contractors transferred from acquisition date."

$18m is just our current Marketcap...definitely undervalue.. MQ wouldn't stupid to lend them the $150m if there was no cash inflow at all...