Boysy1The valuation that is important to investors is the share...

Boysy1
The valuation that is important to investors is the share price .
That is what an investor can sell a bit of the business for .
That is what the Market determines the business is worth and it reviews that valuation every trading day .
It takes in much more than just reserves and resources .

The Market presently values the business at about $94 million and it is really not much of a stretch to see it value it at $175 million if it has a run of successful wells .
It would only take one well to come on at 2000 bopd and in the GOM salt dome drilling that is a real possibility .

From the information they have shared on the current wells that does not seem a likely result but they both should be profitable wells .

If the lower zone in the G1 well had not had a seal failure they might have had a 2000 bopd well there .