1$ ?

Lets assume PTA gets to 9000boe/d.

900,000,000 fully diluted shares

That would mean a market valuation of $100,000/flowing boe. Not unheard of, but in todays environment a little high.

CNOOC proposed to purchase Nexen (for a 61% premium!!) for $63,000/flowing boe.

I would have to say that 1$ is possible, not probable assuming they can add enough incremental to surpass 12-15,000 flowing barrels and able to have enough land base and success rate to drill enough wells of offset production decline going forward.

1$ seems high but stranger things have happened!