Looking to increase my holding with RIA (Rialto Energy) now trading at roughly one third (at a minimum) of what broker targets are (Investec - 10p, Macquarie - 25c). RIA remains the cheapest entry point into the imminent drilling of the high impact Starfish1 well in Ghana. "..The deepwater Starfish-1 well is estimated by operator Ophir Energy (LON:OPHR) to hold 292 million barrels of gross prospective un-risked mean oil resource (26.28MMbbl net to Rialto)..." (SOURCE: Proactive Investors website)
Starfish-1 is scheduled to spud in June 2013. RIA has huge potential upside in the event of success. RIA went up to 5c at some point last week but has since come back to 3.7c Anyone else have similar thoughts??
