Hi Team NEN,Worth considering that at the current market cap,...

Hi Team NEN,

Worth considering that at the current market cap, there is next to no value attached to Vietnam assets (depending on how you allocate the value). The way I think about it is current market cap is about $140m. we have two wells committed for Vietnam (worth about $50m) and I am guessing we have about $15-20m cash (can't remember where we are at here but this is close I think). We hold producing assets which mean we are modestly cash flow positive or even. We have exploration upside of a material nature in the US and we have massive blue sky potential in Vietnam which would blow the market cap off the charts (say 5-10 bagger depending on how bullish you are). We have a mature and experienced farm-in partner. Good mgt etc etc. Regardless of what anyone says, Oil and Gas prices are rock solid and very bullish medium term. What is not to like. Raging buy. I am scary overweight here. Diversification is for nerds.