$26 million worth of options out there. after dilution, the MC would be $57million at 8c.
that would mean funding for another 3 or 4 wells. could bring the company up to say 1200 bopd conservatively, possibly even 2000 bopd, in the space of 2 or 3 years. so even if oil stays at $US60 it means the company could feasibly be taking over $11million in profit pa (using ganders figures).
i think it would have to be on the board of directors minds...
double bottom in place, page-39
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