80000 heads turned into 300000 oppies for about the same price (12k)ish
Imagine some half decent results and if the sp hits 40c and oppies at 20c then $32000 becomes $60000
If (dreams do come true) and the sp goes to 50c and oppies 30c then $40000 becomes $90000 and if (lotto dreams come true) and the sp hits $1.00 and oppies 80C then $80000 becomes $240000
Dare I dream. Obvious risks too, but with a May deadline, that is plenty of time in oppie land to have this well producing, Thames drilling/drilled and a swag of other deals farmed in on the back of oppie money that is converted.
CAZA is the key link - they have a stake and have had lots of recent success on these types of drills - the 3D and independent reports help de-risk significantly.
TNP Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held