So if the oil of RGNO is at least 320 million dollars what would the total value of RGNO be at this time?
Look at the other lands owned by RGNO and then add them up. Certainly the whole of the company is not worth less than the oil it has.
The company could not have 320 million dollars in oil and be worth less than ten million dollars at todays PPS. The figures could take time to work into the works at RGNO.