holiday volumes aside, when the dust settles i see no reason why sp 5c cant be achieved.
but their will be selling pressure at several points from people that bought in thinking of a quick SPUD profit or people from the cap raising and various points in between.
anymore than 5c short term would be a surprise. after all 25c revenue over the lifetime of the PROJECT shouldnt all be realised in year 1.
they still need to drill multiple wells to get the stuff outta the ground, this cost and takes times. and once the 25c of reserves is gone, the company has no other projects. obviously they will look to use cashflows to generate new projects.
GGP only.
VIL Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
