market cap ~24m
convertible notes (debt)~$3.3m
P3 reserves ~ USD$48m
"Modena anticipates a significant uplift in the
quality and categorisation of these reserves from the planned work programs."
so P3 could move to P1 with relative ease. That said, USD$31.1m is at P1 (proved).
then there is still drilling and development potential, which is in the 100's of BCF.
value=?? a lot more than $27.3m
Ann: Reserve Report South Texas , page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
