Your numbers are a bit off UB
MC is ~$18.5mil @ 27cps including unquoted shares
HI-1 and 2 will come online at ~10-12mmcuft/day or ~3mmcuft/day net to GRL
the main thing is the project is goer, providing early cashflow
Unfortunately all specs are been hit atm so we have to wait for things to settle to realize value.
I'm targeting $1.00 per share in 1H 2008 assuming HI field production on track, EXR-GRL merger finalized, Leopard farmout complete to full/nearfull free carry, Pompano development ontrack and a spud date in 1H 2008 for Leopard.
Thats a big number with a lot of ifs, we'll see what happens
Your numbers are a bit off UBMC is ~$18.5mil @ 27cps including...
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