hi guys
worth putting a few under the bed at current share price 33cents
further delays with spudding Guinea Prospect.
Guinea Prospect considered very high risk, possibility of success around 13-20%.
so one would consider exiting before total depth is reached or if possible be free carried.
if successful as per estimates EXR's net oil approx 12mmbls
12mmbls X AUD$40bbl =AUD$480mm, current market cap around $25mm
once drilling gets underway i'm sure we'll see plenty of interest with weekly updates.
as usual DYOR
regards
early birds club, page-4
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