Hi Akerman
Your maths look good to me. The only aspect you may not have considered is the other irons CQV have in the fire. Alberta. mineral rights and other licences in NF.
Re hedging your bets with moving into SHP I did similar but bought Enegi Oil at approx $3.50 a share, instead. Enegi is my biggest share loss. They stand at $0.40/share at the moment.
a6dyl