Ann: Brooks Drilling & Operations Update, page-23

So according to the above attached, a Revenue of ~$100 million per annum, with ~$70 million of that as gross profit (~70% Gross Profit margin, with annual Revenue of ~$100 Million). Meanwhile we have fast rising oil prices (meaning increasing profit margins), and at the same time, management working on decreasing admin/operating costs (one example is sale of Montney).

Current market cap is ~$55 million dollars.

No wonder the Directors have been buying up.

CE1 is significantly undervalued IMO.