PVR - The Irish Explorer

Seriously worth a close look at this little gem - PELE

Latest RNS highlight

Under the terms of the announced contract, the partners in the project will
invest US$40 million over the next two and a half years and, accordingly,
estimate that oil production from the Tibu Field will rise to 15,000 barrels of
oil per day ("bopd") from its current level of 1,800 bopd. Under the terms of
the existing transportation agreement, this would increase PetroLatina's net
income from the Pipeline to US$6.0 million from its current level of US$1.5
million per year.

NET INCOME INCREASING 400% is the piece to take from there..

Previous RNS on the SERAFIN GAS ACCUMULATIOn

"The initiation of the Serafin Gas accumulation is a key milestone in the
Company's development. We are now firmly focussed on Colombia where we already
have a revenue stream from oil production of approximately 500 barrels of oil a
day and pipeline tariff income. The Serafin gas development has proven test
rates and will provide the Company with additional early cashflows as well as
substantially increasing our revenues from Colombia. Management is pleased to
see the Company moving ahead as planned and we are excited about the further
developments over the coming months."

THEY ALREADY KNOW THE GAS IS THERE!!!

Spudding in JAN.

So company has - or soon will have

6 million a year NET from their pipeline

500 bopd oil

And soon add gas on top

Mkt cap around 20 million

Undervalued - err yes - just a little...