Smart, we know we are targeting 1 billion barrels with 300 mill recoverable. For the moment, let's forget about this 4 bill barrels noise, because that's all it is for now until proven otherwise.
20% of 300mill is 60mill net to RMP. At a reasonable $4-$5 per barrel that would still value RMP at over $1 per share. If you add to this Georgia and Shabell North which both will be worked on this year then this could easily go to $2-$4 or more.
Given the above, once again, how can you say the share price is over valued? Yes, if we hit a duster in S1 and more granite in Georgia I totally agree, but until we know the results stop spinning all this valuation crap. Let's not forget that S1 already has a proven working petroleum system before we even reached the primary and secondary targets.
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Open | High | Low | Value | Volume |
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1 | 301257 | 0.017 |
3 | 999889 | 0.015 |
3 | 532195 | 0.014 |
3 | 226189 | 0.013 |
Price($) | Vol. | No. |
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0.020 | 510000 | 1 |
0.022 | 1000000 | 1 |
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