"Is the reason to take such a low price only to attract buyers to be sure again they can collect enough to go on?Is 0.90 the real value of CLL woth MRC ,POD 1 ,conventional oil and LUke together?"

To my mind now, we should bid take over a goodbye for good. CLL now has 2110 plus 160 newly issues common shares, 16m excersie option and 100m convertible debuntures, that is about halfe billion shares. CLL is expensive now . Add the 800m debt. and only max total resources of 1bil barrels in the ground. So no hope tor buyouyt. Onlu hope is oil stays over 60 for atlease few yeas, so by the time cll prodoces 40,000 bbl/day we can have decent cash flow to survice.

too big debt too many shares. I think they should abandon algar and invest on convention oil, so if we have enough sweet oil we can have decent cash flow in the short term, then reduce debt by half then finish algar from cash flow. But they should prodeuce algars equvalent from sweet oil. I am not sure our our sweet oil reservers, but am sure can be produces cheapply and quickly. ALgar will take long time. Let say if they restart today, it will take them till dec 210 to produce10, 000 per day. I am worry about my 15, shares, average price 3.8.never traded it