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?
OIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held