Lol
Forget to comment on actual title of thread. With 1
M barrels 2p in reserves and another 800k likely from the current Utopia
Field drilling the value or Buy is around. 55m or a share price closer to 5c then one needs to add in some value for permit upside , overseas gas discoveries etc . value on paper about 6 -7 cents although I think based on current developments a share price of around 3.5-4
Cents is reasonable with further increases with continued success . Current drilling will also at least double revenue in itself allowing for more drilling
reserve valuation, page-2
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