final cleansing, page-13

Dragan, while your post is very modest in terms of sp, i wouldnt go as far as saying 10 cents or a sp in the teens is unrealistic and I take offence at the thought that I may need a reality check.

Let me explain why.

1. The sp has already hit a high of 19.5c in June 2008 before WHN had a world class oil and gas resource in the seychelles.

2. The sp hit a high of 6.7c just a few months ago on speculation of the NSAI report.

3. With another African asset in the works and the major farm in announcement about to come in anything is possible.

4. If you look at the sp of other oil companies like SSN, FAR etc you will notice that they have gone from 1-2c to ~ 20c very easily.

5. With 5 billion + oil estimates and with the possibility of a huge oil company as a JV who may even pay for 3d and wells, 10c would still be a bargain imo.

Good luck to all, do not count 10c + in the ST as off limits imo