GBP 0.00% 2.5¢ global petroleum limited

uganda oil reserves in 3 blocks could hit 6b b, page-7

  1. 721 Posts.
    Leveller,

    The great thing is that the share price reflects their first drill, its been sold down so hard that it was even below cash on hand backing ($25M in the bank) for three months, now that is insane!

    As it sits now, the Marcap is only $5M above cash backing and they have an estimated $2.7M sales of oil in the next year. So when you add that on, its 25% share of a huge oil reserves in Uganda is only worth $2.3M????!!!!!! Again insane!

    So I will have to change your last sentence to:

    Low Risk, High reward, no luck needed.
 
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