re: 10c buy on good t/o
Alot of interest last two trading days . 1. Wombat-1 & 2 gas frac plays causing lotsa interest . 2. Connolly-1 final announcement expected monday . 3. Hornet-1 due spud monday. 20 day drilling . 4. Ventura-1 expects to spud in 21 days. Large well which Peter Strachan of STOCKANALYST says could be worth cps 26c @ 20% share , or cps 15.6c @ 12% Farm down. Strachan estimates RPM's leverage cps on the Cooper Basin drilling = 76c cps @ 20% project equity [ may have to adjust if Merlin Petroleum manage to raise money reqired to farm in]
RPM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
