upto 500bopd ! monster news !, page-50

I think the value from the company's perspective is that they have cash flow with potential for much greater cashflow. In addition, producer status seems to carry some weight in negotiation with Italian and perhaps even Tanzanian authorities. I don't think they give a stuff about current per share valuation which in their timelines is so transitory to be ridiculous. Let's face it, if you buy these shares you are buying blue sky potential not valuations.