After the raise the company will be worth the cost of two exploration wells. Can’t see that lasting long. The two reasons for me getting into this was the director’s records and the reverse imaging pretty pictures. They are one for one in wells and management is confident. Been chipping away at a holding and I'm feeling the oil price will creep to $70 by year end that augers well for a steady stock rise into the next well. Didn’t understand the report that said drilling in one of three targets at year end as it must be SM63 or the lease will expire. I guess they are either factoring in the possibility of failing the lease extension or the numbers make it not worth risking the funds on the deeper well and let SM6 go for better imaging prospect.
BYE Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
