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tin_shed_trader

16,214 Posts.

1111

09/03/20

14:14

Post #: 43382983
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Originally posted by Churrrrrrrrbro ↑

BUY

Oil is down 30% yet someone keeps buying BUY. 3M on Friday another 3M today

BUY is worth $4.5Miln with $1.7Miln cash. A $2.8Miln EV. They are cashflow positive from their current oil wells and made around $800K last quarter! Even if BUY had no oil assets it would still be so cheap just on their 15% of PEP11 they own.

Read their quarterly report and it says it all in there. They are planning to drill a well in late 2020. You have to book offshore rigs months and months in advance my bros. If they are planning a well later in the year that means very soon they must have to get NOPTA approval to drill and financing.

This is not oil it is GAS! Look at the East coast gas vs the west coast gas. Almost double the price.

30kms from Newcastle and has full ACCC support to drill. Last time they drilled this BUY was worth over $50Miln.

Someone knows that NOPTA approval to drill is coming ! BUY will go up 500 to 1000% when they drill this target.

It is the largest untested gas prospect in Australia!

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3m is $15,000.
I dont get out of bed for that.....

just sayin......

BUY
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