Well said UBID, while its not a sure thing you can see what the next tenement over is doing. 26,000 BOPD equivelent which on US 70bopd nearly US 2 mil a day or around 700 mil a year from 13 wells. You have to ask yourself why when the JV is planning another well when Brian is not even completed. Its just the first step in unlocking the potential of this tenement. Of course there will be knockers and fair enough it keeps you grounded, but understanding the type of potential this ground has allows those who research to unlock it a little on the ground floor. I probably post a little to much but I like to share the research I and others have uncovered to make an informed decision to invest. This sort of play has been called a company maker by a few and when you look at BP not a junior or mid cap but a major player in O/G with the tenement next door, you realize it is a major play. Where a few juniors in a JV can possibly lift themselves from very junior explorers to Mid cap producers with decent cash flows, which allows them to unlock a lot more opportunities and create a lot more value for holders..
FUT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held