If you forget about the CSG assets, this company will very shortly be producing 2000 bbls of oil per day (net to VPE). No debt, $40m cash and market cap of $125M. Great value in my opinion with a capital V.
By the way, I think the CSG assets are very, very valuable. Worth more than the entire VPE market cap IMHO.
Ann: Placement and Appendix 3B , page-21
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