GBP 0.00% 2.5¢ global petroleum limited

better punt than rrs?next hdr?

  1. 2,308 Posts.
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    this company seems a better punt to me than rrs.

    it has two wells being drilled in kenya .
    they have 20%, dana30% and woodside 50%.

    the first two wells are potential 1 billion barrels.

    with a further 50 potential targets from memory.

    at a market cap of about 100m, their 20% exposure could be worth nearly $15 per share if they hit one.depending what value u put per barrel.about $10?plus further targets.

    also, nearly half their market cap is covered by their shareholding in fog-aim.large holder in faulklands-partnered with hdr.

    first drill date about october.think it will slowly rise before drilling.

    worth a look anyway.



 
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Currently unlisted public company.

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