Have you even looked at their website? Did you do the simple math on their modest market cap relative to asset value (450m * $.85 = <$400m)?
Do you know how they came to be? And who is a close partner (VET) owning 17%, being in a position with a strong geology and drilling team to be able to analyze their potential and, as a result of that assesssment, are buying additional shares regularly in the open market?
Any idea what 1 undeveloped section with no P+P reserves (yet) goes for? And that they have 150 net sections?
Do check Crew's news release ($130m sale for 47 undeveloped sections (1/2 dry), Sept.) and the recent Pipestone area $4.2m/section NR for clues.