GBP 0.00% 2.5¢ global petroleum limited

trading halt, page-46

  1. 5,331 Posts.

    hey solarfeen,

    still holding, being mainly a daytrader I always keep a default disclosure of no stock held, because at any given minute I could make the decision to sell out.

    will be interesting to see what media speculation comes out in the UK tonight if Tower also goes into a trading halt tonight.

    for those trying to do a back of an envelope valuation of a discovery in Uganda, the recent Tullow/Herritage transaction has set a price of $5 USD per un-developed barrel of reserves, meaning if infact GBP's has a discovery net to them of 25 million barrels in theory it would have an enterprise value of :

    $125 million USD or
    $139 million AUD or
    78c per share.


 
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