This is what you are buying for 0.335 a share....

This is what you are buying for 0.335 a share.

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321166495 shares on issue fully diluted.

@ 0.335 = $107.6mil market cap fully diluted.

Cash raised is $15mil assuming SPP fails, 2mil cash at end of quarter, 1mil debt. Option conversions = $7.5mil for those in money.

$23mil cash on fully diluted level.

Current revenue is ~40mil a year, 40% net for profit after tax. This gives $16mil net profit for the first year. Should expect higher first year values after facility upgrades but steady decline over next few years.

Costs for next wells are $10, $6 and $7.5. Even if they are all dusters, we will still have so much cash.

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Not much more need to be said, the value speaks for itself.
Note my sentiment is sell and please do sell (not investment advice).