I was impressed by the price jump from 2.1 to 3.1 - who wouldn't be? The sp is now where it was 2 months ago. However these guys have not yet got a rig so I'm expecting them to take 6 months to sort out. When they do get a rig they should have some extra flow from galoc which would help their financing of their proposed well with PNOC. Also will they farm out some of their 50%? I suspect they will.
follow up volume, page-85
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85.0¢ |
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Mkt cap ! $193.8M | |||
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