Monday, July 02, 2012 by Bevis Yeo Raisama picks up further interest with NPV of A$22M in Cadlao oil project offshore Philippines
Raisama (ASX: RAI) has acquired an additional stake in the Cadlao oil redevelopment project offshore Philippines, adding 1 million barrels of proved and probable reserves with a net present value of A$22 million. ____________
$22m more NPV. RAI has to be a takeover target.
RAI Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held