NSE got $100 mill from ConocoPhillips a while back
Also BPT and ICN got about 150 mill from Chevron
If we can get 100 then that would give us cash of 105 or 7 times our current mc of 15 mill. So around $1.30 Let's not forget that it will probably overshoot cash backing by a fair bit in the short term then drift back when drilling starts
What do people think would be a minimum farm in amount ? $20 mill maybe? It has taken a long time so I'm thinking it should be good
AQO Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held