OIP orion petroleum limited
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charts are screaming breakout

  1. marksman
    1,117 Posts.
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    28/04/08
    16:40
    Post #: 3636113
    Closed above 10c on biggest volume in nearly three months. Looks like this is finally coming on the radar and not a moment too soon.
    Two weeks exactly from today they could strike oil in excess of 50MB. 120 million shares means a massive rerating by the market assuming 30% recovery and $15 per barrel valuation for recoverable oil.
    You do the sums and then figure out if this is worth a punt at just over 10c.
    Did I mention the 155BCF gas targeted by the same well?
    OIP Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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