Based on our net assets roughly equating with an sp of 50cps or more - this price s/be achieved. Assumes zero for the Quebec exploration leases (probably our best asset!). However, a potential kicker is the sole drilling activity in the wolfcamp - planned for lease preservation reasons. There is USD5m in the budget for exploration and evaluation for this current quarter and would expect announcement soon. Could be a good result - based on learning from past disappointments.
MPO Price at posting:
21.5¢ Sentiment: None Disclosure: Held
