As one example, PEP took BPH to a MC of $133mil. But with its issues, currently sitting on $80mil MC.
SGC/XST have working interests in several producing assets, and significant evidence-based anticipation for Borba.
Current MC for SGC is $52mil. 20 cents per share would make it $95mil. I am yet to find an O&G producer on the ASX that has a MC in this range. We all need to be grateful for being able to get a holding while things are still dirt cheap. Borba drilling and results will certainly expose to the big players.
SGC Moon Talk, page-61
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