Ann: Conventional Prospectivity Review Complete & Icewine2 Update, page-149

The debate about the share price should centre around the market cap and risk vs reward. Oil explorers are generally seen as extremely high risk. So there's no reason to expect the market cap to be more than a few hundred million, which currently is.

People who are focused on potential tend to forget the risk side of the equation. For example, a year ago, people over at FAR seemed mystified at the low share price, yet their market cap was around $400m. Since then, not only did the s/p fail to rise, it fell by nearly half.

My guess is that the current share price for 88E is an accurate balance between perceived risk vs perceived reward.