Quite right! Not sure why I thought Four Rivers.. So if you...

Quite right! Not sure why I thought Four Rivers.. So if you apply the same metrics to Capitola we get an asset valuation of US$90m+. The energy market isn't as favouable now however I believe that the capitola project has even more production potential so these factors would both somewhat cancel each other out. US$90m is slightly different from our current market cap of 6-8m not including currently producing wells or assets like four rivers that are in our portfolio however aren't being concentrated on... Yet.

When a revaluation happens it could be quite significant. All we are waiting for is management to make it a reality by developing more wells successfully, and keeping shareholders well informed.. We have the finances. The establishment of reserves plus exercising of options are two avenues that we can access more funds in the short term in order to finance further development..

Exciting times like always but equally frustrating.