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21/01/10
01:31
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Ok here are some facts:
25 million in cash deposits = 14 cents per share
Earning 900k per annum interest (23 mill at 4%)
GBP production from texas wells is 122 bopd. (not including the 5th well)
AT a gross profit of $60 per barrel = $7,320 per day profit
or $6,300,00 per annum
Plussssssss the uganda play which exposure is only 2 million dollars, success will equal, well i wont even estimate.
Seems to me that a even if they find water it should still be valued around 20cps
I looks forward to the next quarterly cashflow and of course results in feb :) plus more wells in the states (up to 15)
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