Close to being valued what we're worth. At $10MM I'd say we're...

Close to being valued what we're worth.

At $10MM I'd say we're still a bargain considering we're producing with developments to be added.
The only aspect keeping the price down in my opinion is that the field isn't a long-life producer.

Higher valued companies tend to have larger reserves ready to be tapped.
However, we still have recoverable reserves of 1.35MM BBLS as of July 2017.

With oil price as it is and projected to steadily grow, 1.35MM barrels should net us close to $80MM USD if oil stays at $60USD for the life of the field which will be until 2025.
Even the quoted figure of 700k barrels at $60 USD nets us $40MM USD.
(From what I can tell from reading into the April presentation there's 1.35MM of recoverable 2P reserves but they'll need to be developed to attain. Clearly, we're developing these now)

What will really drive future value is using that cash flow to find fields with greater reserves or potentially acquiring nearby fields and developing them ourselves.

Right now, at $10MM Market Cap, I don't think the market is taking into consideration that we'll have the cash to acquire larger fields and increase our reserves.
That's fine.
To me, and in my opinion, that makes us undervalued right now with plenty of time for these things to play out.

Interested to hear what investors think about this and why people bought.
This is the reason why I've invested because I believe they can turn these small producing assets into larger non-producing assets which they can then develop into large producing assets.