"Additional drilling would be required to test the entire 400 mmbbl structure, but by multiplication, if 200 mmbbls of Resources were ultimately found, this would be worth 23 cps to Otto, 1.3 cps to 88E and $1.65 per share to RMP, which clearly has the most leverage to success. As always, StockAnalysis prefers the company with less risk and in this case it is Otto". (Note - this is using an in ground oil valuation of $15 AUD / bbl.)
Exciting few weeks ahead. I have 400,000 shares so any success should be quite material. Good to keep in mind that the odds of a duster are still estimated at 70 - 80% (depending on who you listen to) ...
RMP Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
