salinas valuation significantly higher, page-32

Granger - an interesting post from SS:
"This new move is clever. They will achieve economies of scale given the proximity to NSA and are likely to over achieve on the 1MB given their drilling techniques as well as further upside from the option over the Brinan Oil Pool.

But even at 1MB for this new deal, it appears after royaties and net profit interest, it should give another $40-$50M in cash flow over the field life. "

BTW a $24 trade to bring the SP down to 0.42 - is this some attempt to try to keep a lid on the price?!?!