As I am currently posting there is an ad on Hot Copper (THE NEXT OIL RUSH)talking about the mystery 3rd man in the Canning Basin and some great research on that man being REY.
It goes on to say how great it is they have 25% in 2 lucrative blocks and are highly potential blocks with Buru.
There market cap is only 40 million.
OBL market cap at 14 million and having at least 25% of a massively potential block being the Derby block and operatorship and with Buru/Mitsibishi possibly. Don't you think OBL will get rerated once sorted and material like what is now being advertised about REY will rerate the stock.
That's why I say 10c minimum.
This is being sorted and OBL will probably be presenting their plans to the DMP very soon. I am sure OBL will be the next big 4th player in the Canning.
OBL Price at posting:
1.9¢ Sentiment: ST Buy Disclosure: Held
