worth a good look

I have been studying this little energy stock for a few weeks. This is definitely worth a look. My numbers suggest $40m ebit this financial year at these oil and gas prices, and what I like is that they are investing a lot of their earnings into exploration, and they have experienced good success with this. $20mUS budget this year. the numbers belie this stock's market cap of just $146m. Management keep saying they are undervalued. I don't think their kidding. I have been buying. I think it's a great little stock. Just my view.

Note -recent analyst reports on their website show much lower ebit forecasts, but I think they have their numbers wrong, both in production and forecasted energy prices.