GBP 0.00% 2.5¢ global petroleum limited

Leveller,The great thing is that the share price reflects their...

  1. 721 Posts.
    Leveller,

    The great thing is that the share price reflects their first drill, its been sold down so hard that it was even below cash on hand backing ($25M in the bank) for three months, now that is insane!

    As it sits now, the Marcap is only $5M above cash backing and they have an estimated $2.7M sales of oil in the next year. So when you add that on, its 25% share of a huge oil reserves in Uganda is only worth $2.3M????!!!!!! Again insane!

    So I will have to change your last sentence to:

    Low Risk, High reward, no luck needed.
 
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Currently unlisted public company.

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