For me it will depend on the nature of the partnership. conceptually The value of unlocking the oil in the ground is key, so if the partner is going to drill/fund drilling that could produce 3x the amount of oil (possible with how much is still in the ground), then we could get 3x (less any portion of revenue the partner may get, add any cost they incur). Add to that any book value increases (I.e the value of leases increasing), as well as scarcity of plays then we could do multiples of current price. A long way to go but this is and always had been a patience play...
ATS Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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