Amazingly this is still stuck 6 cents under its IPO price last November. 40MBO initial target by Tuesday with second target 155BCF gas a week later. Paltry 120M shares. This will double next week from 14c if they hit oil. Assuming the target is confirmed I'm calling this sucker at 50c and that does not include the gas! No oil next week means a bargain on the sell off for the gas target a week later. It also means picking up a bargain for the second high impact well due next month. Last quarterly stated $20M cash in bank. This is their first well. 120M shares. Trading at 14c. 40MBO next Tuesday. You figure it out.
OIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
