re: i'm not selling Hi Andy
I agree.
This stock drifted because the drilling seemed to be far far away. Now the first spud might be within 10 weeks!
Every punter & his dog should have a nibble at these.
IF 100mbo were to be stumbled upon, then:
100mbo x $50 a barrel = $5b
$5b / 117m (fully diluted shares/options) = $42.73 a share.
They would probably get more than $50 a barrel. One should also value the company higher, to factor in the fact that their massive acreage would probably hold many more mega targets.
The oppies still offer the better risk/reward ratio, but nobody is selling them.
So your 25k options might be worth $1m one day!
& whilst you are thinking I'm in a dream world, you are probably right. But with the management having exploration & geologist experience with:
Shell, Esso, Chevron-Texaco, Ampol, Santos +
it's got to be worth having a nibble, imo.
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