XCD 0.00% 1.1¢ xcd energy limited

what am i missng

  1. 1,083 Posts.
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    Let me get this straight. ETE 287M shares @ 12c is $35M minus $8M cash and no debt leaves $27M.
    187MBO and 191BCF contingent resource and over 12MBO reserves for one well.
    Is this right? If it is then the reserves/resources are overblown or the sp is the bargain of the century! OK its a "tight" play but this appears to be seriously cheap.

 
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