set to surge, page-2

Tui
It is hard to see RPM ever lighting up the place, however, it has some generally overlooked attributes. It was actually cash flow positive Dec qtr. It has very modest admin and commitment expenses. Growler looks to be OK and has potential over the 300 bbls pd they are expecting. They have completed Wirraway as a producer which could easily give them another 50 bbls pd based on production test. However, before that, it looks like they will certainly put another well down to try and establish if Wirraway is joined to Growler.
And the CSM wells. Pity the heat is now out of CSM drills. But if they establish a reserve of over 1 BCF and they keep the 80% ownership its got to do something for the sp.
With only 254m shares 10c is not out of the question if growler is proven to flow at expected rate.
If this was ITC, the CSM wells would have created heaps of excitment. RPM is the operator of these wells so we will see if they do a more efficient job than VPE usually does.

Nice rise today. I think a few people noticed the CSM wells to be drilled in Feb.