it is undervalued, especially if will be aquired later this year because of the high oil percentage of 90%  ... you can see here at page 17, 18, 19 the flowing boe prices up to 2012 Q2 ... 

http://extras.newswire.ca/sepac/June2012/SEPAC%20(BEE%20June%202012).pdf

 

I will try to find an updated version with all 2012 and will post it here ...