few very simple calcs9.5 sales - 3.5 costs = 6mafter tax...

few very simple calcs

9.5 sales - 3.5 costs = 6m

after tax 4.2m

enterprise value 62m+ (44.7-8) = 98.7m

return 4.2/98.7= 4.25%

on shareholder equity

4.2/(62-8)=7.77%

to me it is not enough to justify investment atm

however oil businesses are valued on 2P figures so the August review could firm up the value of the company if positive