Ann: Tunisia Operations Update - Sidi Dhaher Dril, page-3

  1. 7,117 Posts.
    re: Ann: ADX: Tunisia Operations Update - Sid... crew it seems some of you cant see the forrest through the trees here

    a lot are complaining about some mates rates options
    these options have a 2c strike which when coupled with the 0.1c cost would mean the share price would have to be north of 2.1c for them to consider even converting them

    thats 60%-70% above current price levels so what is the gripe

    the forrest here is that Sidi Daher is a very big well and is about to spud
    this should result in a BESBS run as I read in a report the upside 100% success case ALTHOUGH VERY UNLIKELY would see 33c in value to VIL thats 2500% above current levels

    while I consider this outcome UNLIKELY given the huge upside we should see a BESBS run like QPN which I consider to be a sister company of VIL due to Pass Petroleum links ran from 1.1c to 2c pre spud of their Amazon


    I will be more than happy with a 2.2c stock price which would only then benefit those "mates rates" options you crew are going on about


 
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