This seems very oversold at the moment - MC at 22c is a mere...

This seems very oversold at the moment - MC at 22c is a mere $28m - and given the value of the worst-case oil reserve is about $120-$150m (based on recent BPT sale when oil prices were 25% lower than now) - this seems a bargain.

I'm tossing up whether to buy more - but I am so far underwater on this already I'm a little reluctant. It seems that a few are trying to cash up, and with the very low liquidity will likely push the SP to 20c and below to find buyers - so it is probably worth holding out from buying for a bit longer.

I'm not selling as I think this is very undervalued - but I don't have the will to throw in more cash either.