Cash plus gas contracts =78 cents per sharecurrent SP 95...

Cash plus gas contracts =78 cents per share

current SP 95 therefore 17 cents difference X 157 milion = 26.69 million value being place on reserves.

11 million odd in developed reserves therefore market valuing reserves at about $2.50 per barrel.

Now thats is ridiculous

Gas profits have no currency volatility and realised oil price and production higher than last year.

Tell me this stock isnt a bargain at current prices.

Have I missed something

I am going to keep buying if it hangs around these prices. Oil costs about 5 times more to find let alone produce than what the market is valuing.