Originally posted by Zala
Your guess is as good as mine. But 120m bbl at $3 would suggest US$360m which would be A$500m or about A$1.00 per share. And OSH look like a buyer of more assets. Why not ? Then everyone can up sticks and go home
$3 a barell is well and truly unders.
Standard is at least $5-$10 so if you take that average at $7.50 we are talking $2.50+ per share.
They are the facts that are driving the big boys to massively accumulate.
This has every chance of changing peoples lives only with a few hundred thousand shares.
The imminent Spud will make this very real and IMO spark a re-evaluation closer to the above figure.
