Peter Strachan is the owner of StockAnalysis which I subscribe to following a recommendation from a fellow oiler. I dont normally subscribe to these publications but this guy calls it as it is and is not afraid to dish out a bit of negative news if warranted.
Anyway I am invested in the CSG story and it whilst it has taken a while it is good to see that others share my views of this exciting industry.
Peter Strachan did an analysis of BOW and VPE following the success of Taringa South and valued BOW at $1 and VPE at 60 cents....providing the Don Juan field get proven up at 200 BCF each to BOW and VPE.
RPM are looking at proving up about 1000 BCF and with asimilar number of shares on issue this could put RPM's value at 5 times VPE Don Juan value ...or about $3.00.
DYOR though...these are broad brush strokes.
And I have previously been told that Ciller is going to go out in a BLAZE of glory. This confirms it.
Peter Strachan is the owner of StockAnalysis which I subscribe...
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