stephQB........
"Nelderand, re: discounting...
I was taught that the market "discounts" expected future cashflows to their present value, which forms the basis of the current market cap, and thus share price."
SQB....That is what I was suggesting, I think. If AMEP proves capable of drilling the first set of wells to good production, the market would start to "discount" other wells that they will drill, and the production/ cash flow that further wells would likely provide.
Thanks for stating that in a better way.
GR