yeah oil in ground is a whole other equation, if they want to lowball on the oil in the ground and bid for the project, its still at least 100 mill lol. Bid for a company producing 1000 barrels/day that can self-fund drilling by end of the year, how much could that go for? A bid now would be 3x current market cap, wipe debt and return 70-80 mill to shareholders. Crazy at these valuations.
yeah oil in ground is a whole other equation, if they want to...
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Mkt cap ! $38.23M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 2.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 503699 | 1 |
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