If management were replaced by honest and trust worthy peopleyou...

If management were replaced by honest and trust worthy people
you would see a rerating of this stock.
At the moment no one can trust these people as they refuse to provide full details of what they are producing from how many wells and at what cost.
How can anyone assess the true value of this stock based on their financial reports so far.If you read some of the other posts on this site concerning their income and how many active wells they have it would explain why.
I attended their AGM and they refused or sidestepped the questions that s/holders wanted to know and asked on this site.
Only last week they insulted S/holders by the sculdudgery in the way they announced their news.Isnt that enough evidence to tell you why.
THE SOPHISTICATED INVESTORS will know before you and I what the truth is as proven by last week when they sold out at 008+009
DO you know how many of those shares will be on the market at 006 and take a 20% profit.(the lot)

DYOR and good luck.
Just work out what they are earning per share and that should tell you why.
It`s less than 001. I`m happy to be corrected but I had this put to a very highly regarded accountancy firm to confirm my maths.
PLEASE THINK AGAIN.