I did a back-of-the-envelope calculation (only rough numbers - didn't bother with the details as the picture is quite clear). Biggest uncertainly is Blue Ridge - but the balance sheet value has already been significantly reduced (and oil price has increased since 31 Dec 2015).
Based on the balance sheet (largely ignoring any upside from the new acreage), Maverick should be trading some 60% higher at around 15c...
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