Drilling kicks off on Sunday. First target (in excess 50MBO) should be reached 7 to 8 days later. Only 120m shares. At 10c market values company at $12M plus options. Company has in excess $12M cash at bank! Fifty million barrels of oil with only 120m shares. At $15 per barrel for recoverable oil thats a big number per share. Two weeks from TODAY this could be trading at a multiple of its current sp if they strike oil. The oppies will go through the roof.
OIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
