Hi 247 interesting tale isnt it...
its always a little tricky valuing a coy such as this one due to the amount of 'blue sky' potential which is ever present....
However in saying this what would be the real kicker and that lacking from the models of the corp finance guys is the reserve estimates...
once these are UPGRADED and released further appreciation in the sp should ensue....
the problem currently is growler is producing at 1000+ barrels of oil per day on bookable reserves of what 1.8mmbl...
When we get reserve confirmations and further cash flow and drilling confirmations of the fairway 20cents does not seen that unrealistic....
In saying this the sp should be much higher than it is now based on "known" future cash... GOOD LUCK TO ALL THE HOLDERS
Hi 247 interesting tale isnt it... its always a little tricky...
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