Wabbit...still not so sure on how comparable FDM (which you are...

Wabbit...still not so sure on how comparable FDM (which you are pointing to) is to 88E. The former is 10,000 acres with expansion potential to 19,000 acres. And some nice 2P and 2C reserves/resources on the basis of nearology....in the tens of millions of bbls (BOE) of oil and gas.

We, on the other hand are 200,000 acres expanding to 400,000 acres (all approx) and with up to 2 billion bbls of oil alone, and just on the original 200,000 acres. BUT, still at prospective resource rating which is only between 2-5% of the value of 1P (developed).

And as FDM tell's its investors, its current drilling program is part of an incremental approach to find the optimnal way of getting its HC's out of the ground. We are at the same stage as them, but with no relevant nearology. But with a potential scale that dwarfs FDM.

It is speculative, hence the stock market, otherwise it would be funded by a bond issue. But the potential prize justifies the market cap. Forget about comparing apples and oranges. This is akin to comparing a young apple orchard with a solitary plucked orange.

All IMO.