what does entek add to lio valuation?, page-2

without wanting to state the really obvious, it adds about $880,000.

What it really does is that it turns an immeasurable asset (ie share in licences) into a measurable asset - Entek shares. The shares are escrowed for 2 years, but if they found oil obviously the value would go up.

I think it was a smart move to split the company in two. These Cooper licences are well sought after and they have resisted farm ins and maintained their original percentage, so they must think highly of the licences they are in.

Now if they can get the Oseil thing to run at a positively cashflow, well then they are off and running again.