re: Ann: Significant hydrocarbon resource pot... I suspect not until they find something.
IMHO we are under valued at the moment, if you look at straight value, the Senegal farm in at $190 mill, puts a value on FARs remaining % at $38 mill, the farm in announced today at $30 mill, puts a value on FARs remaining share at
$12 mill, $25 Mill in cash, an estimate of $40 mill, on the other half of L6, a speculation of $10 mill on both L9 and
Guinea B (conservative), and $ 5 mill on Aussie permits, you have a total value of 38+12+25+40+20+5 = circa $ 140 mill / by shares on issue, SP should be 5.8c.
If they hit a big one in 3 - 4 months time we could easily be 30c +, or vice versa find nothing and we could be at zip,
(isn't it exciting) .
re: Ann: Significant hydrocarbon resource pot... I suspect not...
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