My thoughts also 1billion at current oil price,
Anyone have any any estimates they wish to put out there for market cap for an oil company with that kind of oil reserve ??
Some very rough calculations:
After capital raise to 1.2billion shares
Conservative share price once oil production begins puts us at 20c and a market cap of 240million.
Only need a Philippines government on side to continue with us and a little more funding ( witch will come if DOE extend contract ) then same vision that began this company comes to fruition.
Only way from here is up and we are at the business end of things now with these dates coming up.
please share your thoughts
DYOR, GLTOH
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