From this quarterly we get a real feel for the "style" here...No...

From this quarterly we get a real feel for the "style" here...

No bullsh.it, no waffle or crud, just factual, almost matter of fact reporting of what is, what was...and what will be.

Fully diluted...their current market cap (at 35c), equates to some $58m...but with $9m in the bank from cash and another $19m from options conversion to get our fully diluted position, their assets...all of them...are being valued at just $30m or so.

Deduct the corporate entity value and it is even less.

Compare to MPO currently over $240m...or AOE over $1b...and you begin to see the path before us...and obvious potential for significant returns.

Within 6 months I see these well over $1...and within 12 possibly pushing $2...assuming of course they continue to tick off the milestones along the way, just as MPO did.

Just need to show a little patience...and perhaps a little nouse from time to time.

Imagine the markets response to the identification of a decent conventional hydrocarbon drill target and commissioning of a rig?

Another significant event will be the recovery of CSM core for analysis...decent results here would see their trillions of cubic feet of GIP taken far more seriously...Santos comes to mind here.

I bought more today...33c...and will buy more as circumstance presents.

My views are more than 5 minutes...lol

Cheers!