oil, page-8

They predict a NPV of $226m (their share) with a 10% discount rate. with a market cap of 47m we could be looking at approx 28cents in value for this Texas site alone.

Ok the market is not going to give us 28 cents but 50% of that value may achievable in the short term, as the market will always leave some cash on the table to take the project to maturity.

The big question is, can the market put a value on Gorgia and Puntland?