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!