(i) A positive qrtly report showing large cashflow in from ops, perhaps 2 of these in a row to convince the market. (ii) The Oseil development to get all the way to Phase 3 with KRZ putting in its share of the infrastructure money etc each time. (iii) A strong oil price in the short term to give the coffers a boost (say >$30) and a good price long term (Say >$25) for the long term profitability of Oseil. (iv) A positive P+L for the current period, showing the market that this coy can post profits.
Until these are met, I think 0.8 is about all it will do at present, but I think 1.5 can be done if (i) to (iv) comes about.
Also, a few days back there was an announcement that the lifting of 50,000 barrels from Bula in Dec gace them US$ 1.25M or so. Well my calculator says that works out to US$24 a barrel. My brain also says that the current price is $35 a barrel and likely to stay around there, (well at least in the short term if Bush stays true to form), so the next lifting in mid March must be at least another US$5 a barrel extra, well that's another US$250K pure profit you would think.
