why so cheap, page-3

Thanks entropylord,

I am going to do some rooting around on this one as it appears to be trading a significant discount to NAV, and PE of around 4x. The Turkish fields should deliver some growth this year, while California also has the potential to contribute meaningfully near term if they can farm out to an operator. The lack of coverage among reputable brokers is a concern given seemingly strong fundamentals.

JG