I understand these are early interpretation of seismic results (30-60km structures for hydrocarbon traps) but I was just wondering even if 1% of this contains oil (read 300 to 600 meters) where would the SP be in future. Early indications are mind blowing to think of potential and even if it matches 10% value, it could be at least 5 bagger in 2 years (taking into account possible dilution when we need money for drilling wells).
Any experts with more knowledge on trapped oil estimate and where would the SP effectively be ?
I do not want to be too optimistic with the estimate and how much ever I try to be pessimistic, I could not come to a figure anything less than 1 billion dollars by end of 2016. Of course, I do not have drill results or JORC compliant report to prove the resource and value of the company. But if I can do that, shares would be already in dollars and not in cents :-)
SWE Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
