If I look at page 43 of the preso where they apply the...

If I look at page 43 of the preso where they apply the $230K/boepd metric to projected SSN production rates, and apply $150K/boepd instead, I get:

YE 2012 (actual) 219 boepd = EV of $33M = 1.6cps (on 2B shares)
YE 2013 (expected) 1200 boepd = EV of $180M = 6.7cps (fully diluted on 2.7B shares)
YE 2014 (expected) 1600 boepd = EV of $240M = 9.0cps (fully diluted again assuming 2.7B shares)