re: connolly-1 = 10 bagger
RPM is carried at cost only $100,000 all up; Connolly is 20 KLMS from the Stonehenge-1 well which had oil shows ......the olde dogs[RPM MGT] know something ??? out there after all . Many traders know zilch about this well , it is one of the best kept secrets since the pharoahs. Research takes abit of extra effort on this well as it is in SW Qld, not the Cooper AAA zone ....
Not much downside risk here for RPM with the Coalition 7 wells starting on 23/8/04 with Hornet - 1.
Connolly-1 has a P[10]=26mmbbloe , and if this performs , will be a possible 10 bagger to RPM [ ie 10 x shareprice ]
RPM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
