OIP 0.00% 4.3¢ orion petroleum limited

charts are screaming breakout

  1. 747 Posts.
    Closed above 10c on biggest volume in nearly three months. Looks like this is finally coming on the radar and not a moment too soon.
    Two weeks exactly from today they could strike oil in excess of 50MB. 120 million shares means a massive rerating by the market assuming 30% recovery and $15 per barrel valuation for recoverable oil.
    You do the sums and then figure out if this is worth a punt at just over 10c.
    Did I mention the 155BCF gas targeted by the same well?
 
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