i reviewed the recent investor presentation and took note of the speculative effect on the sp based on their on-going projects.
their last announcement about the drilling of the forbes project next month proved to be a good one as they expect about $300-350M if it is successful and would give a $1.60 increase in the sp. considering the other on-going projects in southeast lost hills (jv with neo) in which they also expect $125-150M for gas and $375M for oil results, this will give them an additional 64c and $1.85 increase in the share price.
this means that OPL really is on the way up...
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