Ann: Quarterly Activities Report, page-8

Agreed not alot to jump at at the moment but on the flip side. A look at net revenue providing all quarters are similar we have 16m net... which they arent as we have just gone through winter and its harder to pump (for the next 18months at the current rate of pumping and the hedging in place), if you give this a multiple of 6X (which is reasonable) + Cash on hand we should be talking a MC of 111 million aprox.
Although boring at the moment and not much doing its still undervalued based on earnings in my opinion (target is 20c with current revenue rates)