I I think there is suppose to be a substantial increase in reserves reported in coming months.
Two year's reserves in one I believe one analyst said.
As for a valuation. If they can increase their access to international oil prices through rail I'm alot more comfortable than depending upon North American pricing. They will have 1,000 barrels, per day, being shipped by rail at the end of the first quarter. This money being raised is for acquisitions. If they can secure more property with rail access I think it means alot. Dependence upon North American pricing risks driving this company into the ground.