lifesgood, I'm ever reluctant to suggest where SP's could be,never the less,should management, seal the part sale of the Gippsland assets in conjunction with the backreef farmout and giving a solid indication of where EP/487 is at,I'm thinking 3.5 maybe .4 cents in the short term is possible.
The caveat is clarity.
Yes the holy of holy's for investors a clear and concise indication of where wer'e collectively at.
I think newregime is correct bopl have no money,so theres no point going for damages,but one should expect the Minister of DMP to reassign their current holding back to OBL.
One would have to think the farminee of backreef will get the guernsey for the resigned portion of EP/487.
Some water to go under the bridge,but that's my scenario.
All pure speculation on my part on what may or may not happen.
Can I say as a three week holder of this stock, I'm just blown away by the negative posts from ostensibly holders of this company.
Conspiracy ?,why would anyone crap in their own nest?
JUNIOR explorer Oil Basins has discovered a new, highly-productive reservoir in the Backreef Area of the Canning Basin. In a recent announcement, the company estimated the reservoir’s oil-producing potential to be about 1000 barrels per day. Following the production test, live oil samples were collected from Backreef 1 at the Gumhole Dolomite Formation.
