I looked back over some old reserves valuations when BOW was taken over but I guess they are not relevant today.
On today's low gas prices I feel that the 2P is worth $25m and the 3P worth $18m. Add cash and some value for the leases and structure and it's not hard to see the day when BUL shares trade above 10 cents.
Wilsons put a target of 11 cents on the share price late last year. It's on the BUL website.
Cheers all,
