Fike, I was looking at the buy/sell bids near close last night and if you wanted 100,000 shares you would have had to pay up to 20c to get them. The low liquidity means this stock is capable of running fast when a big event like Yemen production occurs.
Interesting to read the presentation showing the risk profile of the various Yemen assets. An Nagyah, Osaylan, Al Meashar, An Naeem, and Harmel are shown as 100% probability of success while the large upside to Al Meashar is shown as 80%POS. This in effect is a roadmap to an asset value just shy of $1B or about $4-5 per share.
These assets mentioned are listed as "development assets" which implies they will be dealt with first.
On the Yemen exploration front a very very large target called Omega is likely to be first drilled. This is stimated at 439MB recoverable which puts every thing else I have mentioned here in the shade.
Heres hoping Yemen sorts out soon .
PSA Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
