success news of next two efs wells ?, page-14

I'm with S.L on Market Cap valuations.

The market can and often does get the share price wrong as a valuation to its assets - especially in a bear market.

Small caps especially in oil and gas are in a bear market right now.

Therein lies the opportunity.

Look over at Westside - WCL. The market Cap is considerably lower than it should be for an asset of it's intrinsic value.

This is now coming to a head in a fight for controlling the assets.

Before the fight, the share price was simply too low (as was the market cap).

So if you have the patience and the ability to ride it out, simply buy up your stake of the asset and sit back and wait for pay day.

Honestly after the 30 day, this well alone should re-rate the market cap.

Yet here we are at 20 odd million (lets say a generous range of 19 - 23 million).

Pay day will come. It has to now that the asset is spewing oil.

It's just a matter of time.