the real value to share price, page-7

I agree, there is a lot of potential here which will take time to unlock. And this potential mixed with current cash position etc is what makes the market cap.

But with different market caps come different expectations. All I am saying is that while it's great the company has doubled production, this must be looked at in context with the market cap.

Ultimately you need to look at the potential and weigh up:

A - What is the potential profit as a ratio to the market cap

and

B - How much probability they have of reaching this potential

The questions I am currently asking myself is how much upside can be put on Texas given what we know of the first wells and now what does today's announcement mean for Niobrara which IMO has a lot riding on it.

If Niobrara flows oil at 600 BOPD then I'd say the outlook is pretty darn good, but this is yet to happen.

My intial point about the doubling of production was that in the big scheme of things, the subject of doubling or quadrupling needs to be weighed up against the size of the company and the amount of money being invested to get those numbers as it will ulitmately effect future growth and share price increase or decrease.