update out!, page-28

I haven't done a whole lot of research into SEA but at a quick glance they have less in production in terms of boepd and have a market cap twice as much as HOG.

So at 33c HOG is valued at $99m with approx $20m in cash.
So the assets are valued at $79m with a producing well bringing in $2m a month and another 2 wells to be drilled that are likely to return similar results, not to mention the other well currently drilled which is being compared to another nearby which produced 920boepd.

Something really doesn't add up here. Anyway I bought more at 33c this morning as I cannot believe what this is priced at compared to it's peers