GBP global petroleum limited

At 15% GBP should be getting thier 135 boepd share $86 USD -...

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    At 15% GBP should be getting thier 135 boepd share

    $86 USD - Costs $30 USD = USD $56 = roughly AUD $60

    135 X AUD 60 = AUD $8,100 profit per day

    Thats roughly AUD $3,000,000 pa

    At 174 million shares, thats 1.75 Cents per share profit.

    +

    $29 mill in the bank.


    Is GBP not grossly undervalued, where is the danger, cash rich (market cap is below cash) + a $3 Mill income from the existing oil

    Please correct my figures, but I just don't get why the SP is so low ?
 
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