This article is a reminder of how good their new purchase is:
http://www.proactiveinvestors.com.au/companies/news/30765/raisama-picks-up-further-interest-with-npv-of-a22m-in-cadlao-oil-project-offshore-philippines-30765.html
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.
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$22m more NPV. RAI has to be a takeover target.
This article is a reminder of how good their new purchase...
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