EV of discovery just, page-184

Glad to see you included the warning at the end. You only have to look at recent oil and gas company tpt who had a nice large coverage and proven oil around them drilled based on the 3d and hit absolutely zilch. Oil and gas shares go down as quickly as they go up and all though it is a great ann ppl need to get their heads out of the clouds and look at the basics. P10 is what they have given not P50! They have to see if it flows first! Sure Apache want more but so did Galp with tangiers, doesnt mean anything until you have a commercial well with proven and acceptable flow rates etc.

i like all hopes it keeps climbing but dont cry foul if it drops as quickly as it climbs! A 200% climb on one day only needs to be a 50% drop the next to put some shock into the sp.

monday traders will 100% be dropping their holding tomorrow to get into a free carry position if they can!

This means there is still time for some to possibly grab a bargain but also time for some who think they can get in for quick bucks lose in the short term. IMO DYOR always safer to buy o and g on P50!