yes very simple logic, now the extra 1500boepd asset is under DD, once the company decide to go ahead then SP will break 10c instantly, as the company won’t invest on asset producing non-profits. How high the SP can go will subject to the potential of profits, 18c or 20c, as long as there is $20/barrel profit margin, SP does worth 18c.
Whatever, looks like nothing can block SGC board’s naked ambition, I strongly believe SGC will grow into a medium sized energy company in future.
Ann: Borba Flow Testing Yields Improvement on Initial Report Rate, page-36
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