Bilo I take a higher value view of the CA assets. The NSA asset will get $8-$10 per barrel as a broker value for a proven producing field. The booked 2P reserves at Paris Valley qualify for the standard brokers $5 a barrel for proven undeveloped oil.
That gives an underlying oil/gas value of 13.75cps.
Broker reports range from 9cps(NSA only) to 15cps
GMP: 10cps
StockAnalysis: 15cps
Pattersons: 9cps for NSA alone
Canaccord: 10cps
With Glau and Eddison/MV info not far off there is certainly potential short term upside all be it reflecting small targets. As you say there is still value in Vietnam but probably no one is interested at this moment.
NEN Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
