I am not sure what value it would be because I am not sure of their cash position, however it seems to me their real value is in honest speculation, and much higher than 6 million, maybe 10 times that number in a 50 dollar environment. In a proven area reserves would be valued near 12 bbl. The trick is getting someone to pay you for it or leveraging public perception to find you money to drill. If you ask me where the b number is, it is to the west in the wedge they talk about in their presentation. That just makes sense, geological and engineering sense. The former management seemed like they knew what was going on. Sometimes it is best to be silent but it may be because they don't know what to say. Communication with the public is important here Rx. If not, they will lose our interest because we cannot trust management that will not openly discuss hard data that is already in the public domain. What's your take on their silence?
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