valuation

Looking at Dte last announcement a few days ago, had its gas reserve in UK valued at around US$5.5M per 1BCF with the gas price about 1/3 of Italy and not producing yet.
Pve Castello and Silaro still has around 13 BCF RESERVE left and in production with cash flow positive plus two more productions well slowly on the way and all the prospective. Pve M/C is a joke and seemed to be a great bargain for someone with spare money and patience.
Nothing is ever a safe bet, but for ten cents a share I think the odd is stacking up pretty good for the buyers.
I remember people paid $1.50 for the right three years ago and at the time it wasn't even producing. One could understand why Masterman still hold and accumulating.
Every dog will has its day, and Pve day will come sooner......
Good luck to holders... By the way Valuecruncher still value Pve at $1.92