Kwaidan1, I don't think you are far off the mark there. Hoffer...

Kwaidan1, I don't think you are far off the mark there. Hoffer and Hermes are producing something like $25000US to $30000US/day in revenue for AMU. I am unable to find a statement regarding the reseves of Hoffer. They said in a drilling announcement in Feb 2007, that it would be out in a month, but at this stage I cannot see anything.

In any event, if you assume some longevity for both these producing wells, that is, picking middle ground of say $27500US/day in revenue, and say $22000US per day in operational cash flow, or about $8mUS per annum in net cash flow. Current market cap is $100m, and they have around 350 producing wells...so go figure.