it seems to me that aed oil is valued on the basis of 40 m...

it seems to me that aed oil is valued on the basis of 40 m barrels of oil at this stage 30000 bopd which exhausts proven reserves very quickly.aed is valued at close to $1.5bnfd .now ade has not proven up reserves but lets say thay have 10% of aeds figures.at 4 million barrels that values ade at 150 million .lets be pessimistic
and halve that market cap gives me a low end target of 75c.alternatively lets value their reserves at $17 per barrel in situ still get over 60c a share .do not know why market is slow on this one.remember 4m bo is p95 in the prospectus