Information ... selling at 7.8c today V's selling at 8.25c in...

Information ... selling at 7.8c today V's selling at 8.25c in April.

Effectively we earn 13.8% (pa) on our 7.8c by waiting five months to sell to BPT.

So holding earns 13.8% plus offers the possibility of an increased offer.

For my money ... 10.5c is what I figured this company is worth = $90m Cap = PE of 6 at 1200 BOPD at $40 net profit.

I guessed the $40 net profit ... anyone else can offer a better formula.

Then there's the other wells to be drilled.