It makes 160k barrels oil annually
if oid rise US$1, the company makes more profit, say US$160, i.e AU$200k
20 times PE for tiny company
Get MC 4m more
400m SOI, 1c for oil US$1 rising
Oil rose US$1.69, E2E share sp should rise strongly on Monday
It may test 2.8c
IMO only, DYOR
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