AZA stated in an April 07 presentation when the shares were around ~ $1.18 that their 2P reserves were valued at $8 vs $20+ industry average. Now the share price is $0.88.
That means you can buy a proven barrel of oil for around the cost of a 6 pack of XXXX that will be worth 10 times that out of the well head.
AZA
anzon australia limited
broker phoning insto clients to sell , page-18
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