An in ground value of $60 per barrel?? LOL, super light fantastic conventional oil isn't a fraction of that. Guys like Strachan put it at $18 and it's probably less. For unconventional? Maybe $5, Maybe. So you get a royalty of about $20M *IF* there is producible oil and *IF* BRU don't laugh OBL out of court and use the tears from their eyes as water injection for their Laurel wells. Besides I thought OBL claimed an oil discovery! Isn't that what you, the company and everyone else stated at the time???
And a take over price? You all know this would go for 4c atm. Who here wouldn't take it? Not the majority, not at this point, a couple of true believers couldn't stop it. 20c Oh man. Hilarious. Is that like your prediction of 3c getting "windburn" on Derby grant?
OBL is interesting at these prices, it's got some stuff going on now, no need for bad maths to push it, the low SP is inviting enough without gilding it with really bad information. Gosh I almost bought some on Friday.
OBL Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Not Held
