how much if they find oil? Given the massive overhang from the placement and the revenue is only worth 4 million a year then declining rapidly and given the failed history of shale oilers ever making a dime, my guess is 2-2.5c.
the good news is the market is likely to price in all the upside before the drill bit even hits the ground.
sell before the 800 million shares are issued imo because if you don’t, they will be.
Interview about Jewell, page-21
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