fundamentials

Ok here are some facts:

25 million in cash deposits = 14 cents per share

Earning 900k per annum interest (23 mill at 4%)

GBP production from texas wells is 122 bopd. (not including the 5th well)

AT a gross profit of $60 per barrel = $7,320 per day profit

or $6,300,00 per annum

Plussssssss the uganda play which exposure is only 2 million dollars, success will equal, well i wont even estimate.

Seems to me that a even if they find water it should still be valued around 20cps

I looks forward to the next quarterly cashflow and of course results in feb :) plus more wells in the states (up to 15)