Haha you would be surprised! If they appraised these wells at current oil prices, then their overall value would be in the high-end of the range. If they anticipate oil prices will drop in the near future, it may be more lucrative for them to just sell at the current appraisal. Otherwise, I would agree with you! :)
Noticed large bids coming in and out of hiding under .09 on L2 today. Once that .11 ask gets tapped out, it’s high flying time IMO. Just need some update from the company to spark interest for a solid push