Yes H agree with that sentiment re blue chips and dividends. My other stocks were all speccies and all in the O&G
space. How's this for a perfect "crystal ball" scenario;
1. Oil continues to rally or hold above $50 odd dollars in the short term {4-6 weeks when I think the 2C will be in the
can}, enabling a good base of say 9-11c for FAR's SP to bounce from in lieu of a very good 2C result.
2. We see the "inevitable" sell off post 2C bounce with a further spike upwards late April when plans for appraisal
and further exploration are announced.
3. POO falls to $35-40 come June/July when FAR & JV lock in the rig and secure it more for around the 30m per drill
than the 40m estimated.
4. 1st appraisal successful at SNE around Nov/Dec 2015 @15-20000bopd flow rate. POO has recovered to around the
$60 mark aiding the massive SP spike the above result would entail.
5. 2nd appraisal drill at SNE also successful @ the same flow rates come Dec/Jan with POO continuing to climb.
6. 1st exploratory drill at BH successful in Jan/Feb with the POO now at the $70-$80 range. 3 successful wells with
the POO coming to the party, ready to deliver maximum T/O or sell down price if it were to eventuate at that stage.
That of course is what I am "hoping" for.
GLTAH
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