Nope, you are dead wrong about that on both counts. First, it can go lower, it can get delisted and stop trading because of a liquidation in bankruptcy or other means.
Second, there is nothing there that could drive the stock values to the level you suggest. EFIR never has had nor does it have a fundamental business, i.e. it costs them more to drill for oil than the value of the oil itself. Until that changes the stock is appropriately valued at effectively zero.
With no money, no oil, incompetent management, a track record of losses as far back as anyone can see I wouldn't anticipate anything changing in the near future. The company is basically insolvent and in danger of one or more creditors forcing it into bankruptcy...
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