BUY 20.0% 0.6¢ bounty oil & gas nl

pep11 drilling location announcement, page-37

  1. 5,748 Posts.
    lightbulb Created with Sketch. 421
    just watch MMR and BPH, then you can tell the BUY's SP target.

    If drilling successful, MMR's SP should be at least 10 times higher than BUY, BPH 2.5 times higher than BUY.

    Currently BUY's SP even higher than BPH's, so I donot think BUY's SP has any chance to break $0.5.

    If drilling successful, MMR's SP should be between $2-2.2/share, so BUY's top target should be 20-22c/share.
    BPH's top target should be 55-60c/share.

    I believe this is already the best reckon.

    Anyway, BUY's SP should be around 12c just before the spud--depends on the world market of course.
 
watchlist Created with Sketch. Add BUY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.