Thats just for the US assets, In my opinion we still have a company worth the current SP without those assets, we still have over £4m in cash, a possible 400m field due to be drilled this summer in Peru, production in Boliva, another promised South Americian deal early 2007, OPEC consultant on the board and on going negotations on a massive Iranian deal, according to the agm audio (available on their website) PRE were offered offshore drilling by the Iranians but they turned it down and they have been "promised something else" according to D Horgan.