offshore namibia oil valuation comparitors ?

Where could GBP be valued in relation to this chart from a few months back ?

Let's for sake of argument say they have 500m bbl net risked resource potential ?

Let's say they get valued at $0.50/bbl

That would imply a market cap of $250m or ?150m

This graphic is useful and is taken from Chariot Oil and Gas Investor Presentation
http://i51.tinypic.com/292n289.jpg


I expect they will end up somewhere between TRP and CHAR with say 250-500m bbl net risked resource ? and thus would look for valuation of ?75-150m in say 12 months time.

However more important for speculative investors will be that CHAR and TRP may drill in late 2011 or early 2012 and then GBP could run in association.

Total idle speculation on my part but certainly bagger potential here and the comfort of knowing lots of cash backing which puts the odds more in your favour.