Well well well.... 1P reserves of 4.4MM barrels, oil only no...

Well well well.... 1P reserves of 4.4MM barrels, oil only no equivalents. That's quite a sharp drop from the 27 or so MM that Yeager last came out with.
I think the company is fairly priced at the moment and the likely way is up. It's all going to hinge on how that $40m sitting in the bank gets deployed.

This quote from the last quarterly:
"We are also well advanced in deploying appropriate financing options to support our growth strategy, and expect to make announcements in this area soon."

I expect the next announcement of any significance will relate to the diversification strategy and in particular to a new acquisition (if it doesn't, we're in trouble!).