Hey Kman,
Heres my perspective:
If obl have a commercial well output of say 1000BOPD which is my min for good commercial well production, that gives about $16M Nett per year (based on $40per barrel Nett). On a PE of 4 that should value a company at abt $64M market cap per 1000BOPD.
Thats 3X OBL current market cap and given that production once proven is a s/t project compared to the likes of coal, iron ore, gold production, Id imagine OBL's sp rising to around 10c on any good commercial production tests and rising towards reasonable value if/when in production.
Possible production is still some way off yet but projections of future earnings will be real once OBL tests.
keep it in perspective, page-3
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